SeaCrest Wealth Management LLC Decreases Stock Position in Vistra Corp. (NYSE:VST)

SeaCrest Wealth Management LLC lessened its position in Vistra Corp. (NYSE:VST) by 36.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,967 shares of the company’s stock after selling 2,819 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Vistra were worth $346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Vistra by 17.4% in the first quarter. GAMMA Investing LLC now owns 2,108 shares of the company’s stock valued at $147,000 after purchasing an additional 312 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of Vistra by 64.4% in the fourth quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock valued at $32,000 after purchasing an additional 329 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Vistra in the first quarter valued at approximately $26,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Vistra by 2.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 17,214 shares of the company’s stock valued at $662,000 after purchasing an additional 384 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Vistra by 3.8% in the third quarter. Advisors Asset Management Inc. now owns 11,090 shares of the company’s stock valued at $368,000 after purchasing an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of several recent research reports. Janney Montgomery Scott initiated coverage on Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target for the company. Evercore ISI raised their target price on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. BMO Capital Markets raised their target price on Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. UBS Group raised their target price on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Morgan Stanley raised their target price on Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Buy” and an average price target of $87.83.

Insider Activity

In other news, Director Lisa Crutchfield acquired 335 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $89.46 per share, with a total value of $29,969.10. Following the completion of the purchase, the director now owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Vistra Trading Up 4.6 %

Shares of NYSE VST opened at $91.72 on Thursday. Vistra Corp. has a twelve month low of $25.88 and a twelve month high of $107.24. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06. The stock has a fifty day simple moving average of $89.38 and a 200-day simple moving average of $65.18. The stock has a market capitalization of $31.87 billion, a PE ratio of 56.27 and a beta of 1.05.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.39). Vistra had a net margin of 5.66% and a return on equity of 24.72%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.81 billion. On average, equities analysts forecast that Vistra Corp. will post 3.95 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were paid a $0.218 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.95%. Vistra’s payout ratio is presently 53.37%.

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.