Belmont Capital LLC Trims Stock Position in Vistra Corp. (NYSE:VST)

Belmont Capital LLC decreased its position in shares of Vistra Corp. (NYSE:VST) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,339 shares of the company’s stock after selling 216 shares during the quarter. Belmont Capital LLC’s holdings in Vistra were worth $460,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC boosted its position in shares of Vistra by 616.0% in 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 during the period. Avior Wealth Management LLC lifted its stake in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Founders Capital Management acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $28,000. West Branch Capital LLC purchased a new position in shares of Vistra during the fourth quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Vistra stock opened at $115.26 on Friday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84. The company has a market cap of $39.21 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The business has a fifty day moving average of $128.85 and a two-hundred day moving average of $141.13.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a dividend of $0.2235 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.78%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group reduced their price objective on Vistra from $174.00 to $154.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. BMO Capital Markets boosted their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $159.69.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John William Pitesa bought 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company 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.