Objectivity Squared LLC Buys 605 Shares of Vistra Corp. (NYSE:VST)

Objectivity Squared LLC lifted its stake in Vistra Corp. (NYSE:VST) by 26.6% during the first quarter, Holdings Channel.com reports. The fund owned 2,878 shares of the company’s stock after buying an additional 605 shares during the period. Objectivity Squared LLC’s holdings in Vistra were worth $321,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value 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 trade represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the sale, the executive vice president now owns 218,239 shares of the company’s stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,000 shares of company stock valued at $43,169,740 over the last 90 days. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Shares of NYSE:VST opened at $173.73 on Monday. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The company’s 50 day moving average price is $136.79 and its two-hundred day moving average price is $144.83. The firm has a market cap of $58.95 billion, a PE ratio of 32.41, a PEG ratio of 1.12 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on VST shares. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price for the company. Daiwa America raised Vistra to a “hold” rating in a report on Wednesday, March 5th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Morgan Stanley reissued an “overweight” rating and issued a $178.00 price objective (up from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Finally, Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and decreased their price target for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and an average target price of $169.08.

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.