Pitcairn Co. Invests $202,000 in Vistra Corp. (NYSE:VST)

Pitcairn Co. acquired a new position in Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,465 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its holdings 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 acquiring an additional 65 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Founders Capital Management purchased a new stake in Vistra during the 4th quarter worth approximately $28,000. West Branch Capital LLC acquired a new position in Vistra during the 4th quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the fourth quarter worth $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

NYSE VST opened at $97.76 on Monday. The stock has a market capitalization of $33.25 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.12 and a beta of 1.21. The stock has a 50-day moving average of $140.32 and a 200 day moving average of $141.78. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a $0.2235 dividend. 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 0.91%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insider Buying and Selling

In related news, Director John William Pitesa bought 1,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction dated 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 directly owns 51,063 shares in the company, 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. 1.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VST shares. UBS Group boosted 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. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $161.23.

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.