Jones Financial Companies Lllp Acquires 5,002 Shares of Vistra Corp. (NYSE:VST)

Jones Financial Companies Lllp boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 355.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,408 shares of the company’s stock after purchasing an additional 5,002 shares during the quarter. Jones Financial Companies Lllp’s holdings in Vistra were worth $883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lionsbridge Wealth Management LLC bought a new stake in Vistra during the 4th quarter valued at approximately $277,000. Dakota Wealth Management bought a new stake in Vistra during the 4th quarter valued at approximately $231,000. Retirement Systems of Alabama raised its stake in Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after purchasing an additional 6,920 shares during the period. First Sabrepoint Capital Management LP bought a new stake in Vistra in the 3rd quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. bought a new stake in Vistra in the 4th quarter worth approximately $565,000. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

VST opened at $113.96 on Friday. The business has a fifty day moving average of $158.02 and a 200 day moving average of $135.87. Vistra Corp. has a 52-week low of $57.50 and a 52-week high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market cap of $38.77 billion, a P/E ratio of 21.26, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on VST. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday. They issued a “neutral” rating and a $120.00 price objective on the stock. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Morgan Stanley lifted their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares of the company’s stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is 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.