Cornercap Investment Counsel Inc. Sells 411 Shares of Vistra Corp. (NYSE:VST)

Cornercap Investment Counsel Inc. lowered its position in Vistra Corp. (NYSE:VST) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,472 shares of the company’s stock after selling 411 shares during the period. Vistra comprises about 0.7% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 11th biggest holding. Cornercap Investment Counsel Inc.’s holdings in Vistra were worth $2,133,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lionsbridge Wealth Management LLC purchased a new stake in shares of Vistra during the 4th quarter valued at about $277,000. Dakota Wealth Management bought a new stake in Vistra during the fourth quarter valued at approximately $231,000. Retirement Systems of Alabama increased its holdings in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares during the last quarter. First Sabrepoint Capital Management LP bought a new position in Vistra in the third quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new position in shares of Vistra during the 4th quarter worth $565,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VST shares. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. UBS Group upped their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday. Finally, Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Vistra currently has an average rating of “Moderate Buy” and an average target price of $163.50.

Vistra Stock Down 0.2 %

Shares of NYSE:VST opened at $119.05 on Friday. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a 50-day moving average price of $147.39 and a 200 day moving average price of $139.96.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.75%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.