OneAscent Wealth Management LLC Sells 1,598 Shares of Vistra Corp. (NYSE:VST)

OneAscent Wealth Management LLC reduced its position in shares of Vistra Corp. (NYSE:VST) by 43.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,089 shares of the company’s stock after selling 1,598 shares during the period. OneAscent Wealth Management LLC’s holdings in Vistra were worth $288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peregrine Asset Advisers Inc. boosted its stake 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 worth $285,000 after buying an additional 64 shares during the last quarter. Avior Wealth Management LLC boosted its position in 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. Galvin Gaustad & Stein LLC grew its stake in Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after purchasing an additional 73 shares during the period. Csenge Advisory Group raised its stake in shares of Vistra by 1.7% during the 4th 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. Finally, New Century Financial Group LLC boosted its holdings in shares of Vistra by 3.5% in the 4th quarter. New Century Financial Group LLC now owns 2,760 shares of the company’s stock worth $381,000 after buying an additional 94 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction on Monday, March 3rd. The stock was 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. Insiders own 1.42% of the company’s stock.

Vistra Stock Down 0.2 %

VST opened at $119.05 on Friday. The firm has a market capitalization of $40.49 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84. The company has a fifty day moving average price of $147.39 and a 200-day moving average price of $139.96. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.75%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra’s payout ratio is presently 12.62%.

Analysts Set New Price Targets

A number of analysts recently issued reports on VST shares. JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday. UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.50.

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.