Laird Norton Wetherby Wealth Management LLC Purchases 630 Shares of Vistra Corp. (NYSE:VST)

Laird Norton Wetherby Wealth Management LLC increased its position in Vistra Corp. (NYSE:VST) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,956 shares of the company’s stock after buying an additional 630 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Vistra were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Wedmont Private Capital increased its stake in shares of Vistra by 16.6% during the fourth quarter. Wedmont Private Capital now owns 2,950 shares of the company’s stock valued at $407,000 after buying an additional 421 shares during the period. Grassi Investment Management purchased a new position in shares of Vistra during the fourth quarter valued at approximately $383,000. AdvisorNet Financial Inc increased its stake in shares of Vistra by 315.1% during the fourth quarter. AdvisorNet Financial Inc now owns 631 shares of the company’s stock valued at $87,000 after buying an additional 479 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Vistra by 4.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,913 shares of the company’s stock valued at $402,000 after buying an additional 122 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Vistra during the fourth quarter valued at approximately $27,531,000. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on VST. BMO Capital Markets boosted their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. UBS Group upped their price target on Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. The Goldman Sachs Group began coverage on Vistra in a research note on Friday, April 4th. They issued a “neutral” rating and a $134.00 price target on the stock. Finally, Bank of America raised Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.67.

Vistra Trading Down 1.6%

Vistra stock opened at $152.18 on Friday. 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 business’s fifty day simple moving average is $124.58 and its two-hundred day simple moving average is $141.92. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The company has a market capitalization of $51.77 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. 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 0.59%. The ex-dividend date is Wednesday, June 18th. Vistra’s dividend payout ratio is presently 14.15%.

Insider Activity

In related news, Director Paul M. Barbas sold 24,136 shares of the company’s 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 completion of the sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction that occurred on 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 transaction, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was a 76.26% increase in their position. The disclosure for this purchase can be found here. Corporate 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.