Wealthfront Advisers LLC Sells 35,669 Shares of Vistra Corp. (NYSE:VST)

Wealthfront Advisers LLC lessened its position in shares of Vistra Corp. (NYSE:VST) by 68.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,144 shares of the company’s stock after selling 35,669 shares during the quarter. Wealthfront Advisers LLC’s holdings in Vistra were worth $2,226,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VST. Pathway Financial Advisers LLC increased its stake in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Founders Capital Management purchased a new stake in shares of Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC purchased a new stake in shares of Vistra in the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vistra in the 4th quarter valued at $28,000. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of VST stock opened at $124.42 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm’s 50-day moving average is $155.96 and its two-hundred day moving average is $136.40. Vistra Corp. has a 12 month low of $60.73 and a 12 month high of $199.84. The company has a market capitalization of $42.32 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is 12.62%.

Insider Activity

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VST. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. BMO Capital Markets increased their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. UBS Group increased their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Morgan Stanley increased their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

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.