Nemes Rush Group LLC Acquires New Stake in Vistra Corp. (NYSE:VST)

Nemes Rush Group LLC bought a new position in Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,019 shares of the company’s stock, valued at approximately $830,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Avior Wealth Management LLC increased its position in shares of Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares in the last quarter. Founders Capital Management bought a new position in shares of Vistra in the 4th quarter worth $28,000. West Branch Capital LLC purchased a new stake in shares of Vistra during the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra during the 4th quarter worth $28,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Down 1.3 %

Shares of NYSE:VST opened at $117.53 on Tuesday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1 year low of $64.26 and a 1 year high of $199.84. The company has a market cap of $39.98 billion, a PE ratio of 21.93, a P/E/G ratio of 1.12 and a beta of 1.21. The stock’s 50-day moving average is $146.31 and its 200 day moving average is $141.09.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.2235 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.76%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 12.62%.

Analyst Ratings Changes

A number of research analysts recently commented on VST shares. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research report on Friday. Daiwa Capital Markets assumed coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. Finally, Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Vistra currently has an average rating of “Moderate Buy” and an average target price of $163.50.

Insider Buying and Selling at Vistra

In related news, Director John William Pitesa purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value 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 represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Vistra 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.