Beach Investment Counsel Inc. PA Has $33.36 Million Stock Position in Vistra Corp. (NYSE:VST)

Beach Investment Counsel Inc. PA lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 10.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 284,086 shares of the company’s stock after selling 34,912 shares during the period. Vistra accounts for approximately 4.9% of Beach Investment Counsel Inc. PA’s holdings, making the stock its 4th biggest position. Beach Investment Counsel Inc. PA owned 0.08% of Vistra worth $33,363,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Peregrine Asset Advisers Inc. grew its position in shares of Vistra by 3.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock valued at $285,000 after buying an additional 64 shares during the last quarter. Paloma Partners Management Co grew its position in shares of Vistra by 1.0% during the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company’s stock valued at $1,103,000 after buying an additional 81 shares during the last quarter. Csenge Advisory Group grew its position in shares of Vistra by 1.7% during the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock valued at $703,000 after buying an additional 83 shares during the last quarter. Sunbelt Securities Inc. grew its position in Vistra by 1.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company’s stock worth $898,000 after purchasing an additional 98 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in Vistra by 1.1% in the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company’s stock worth $1,321,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 1.7%

NYSE VST opened at $173.73 on Friday. Vistra Corp. has a 1-year low of $66.50 and a 1-year 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 market capitalization of $58.95 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The firm’s fifty day simple moving average is $136.79 and its 200-day simple moving average is $144.97.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.52%. Vistra’s dividend payout ratio is 14.15%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VST. Morgan Stanley reiterated an “overweight” rating and set a $178.00 price objective (up from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an “outperform” rating in a report on Thursday, May 15th. Daiwa America raised Vistra to a “hold” rating in a report on Wednesday, March 5th. The Goldman Sachs Group increased their price objective on Vistra from $134.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Finally, UBS Group increased their price objective on Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.08.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the transaction, the director now directly owns 255,192 shares of the company’s stock, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 269,000 shares of company stock valued at $43,169,740 over the last three months. 1.42% of the stock is currently owned by insiders.

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.