DRW Securities LLC Sells 20,252 Shares of Vistra Corp. (NYSE:VST)

DRW Securities LLC decreased its stake in Vistra Corp. (NYSE:VST - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,750 shares of the company's stock after selling 20,252 shares during the quarter. DRW Securities LLC's holdings in Vistra were worth $2,861,000 as of its most recent SEC filing.

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Other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in Vistra by 4.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,469 shares of the company's stock valued at $530,000 after purchasing an additional 204 shares during the period. Morse Asset Management Inc purchased a new position in shares of Vistra in the third quarter worth $631,000. Quantinno Capital Management LP boosted its position in shares of Vistra by 31.7% during the third quarter. Quantinno Capital Management LP now owns 23,074 shares of the company's stock worth $2,735,000 after acquiring an additional 5,558 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Vistra during the third quarter valued at $931,000. Finally, Orion Portfolio Solutions LLC grew its stake in Vistra by 56.5% during the third quarter. Orion Portfolio Solutions LLC now owns 5,067 shares of the company's stock valued at $601,000 after acquiring an additional 1,829 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on VST shares. 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. Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target for the company. The Goldman Sachs Group started coverage on Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 target price for the company. Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. Finally, BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $161.23.

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Check Out Our Latest Stock Analysis on Vistra

Insiders Place Their Bets

In other news, Director John William Pitesa purchased 1,500 shares of the business's stock in a transaction dated 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 purchase, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction dated 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 directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This trade 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 currently owned by company insiders.

Vistra Stock Performance

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Shares of Vistra stock opened at $102.07 on Wednesday. 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's fifty day moving average is $137.61 and its two-hundred day moving average is $141.53. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The company has a market capitalization of $34.72 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.2235 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.88%. Vistra's payout ratio is presently 12.62%.

About Vistra

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.

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