Prosperity Wealth Management Inc. Purchases Shares of 2,968 Vistra Corp. (NYSE:VST)

Prosperity Wealth Management Inc. acquired a new stake in Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,968 shares of the company’s stock, valued at approximately $409,000.

Other institutional investors have also recently made changes to their positions in the company. Lionsbridge Wealth Management LLC acquired a new position in shares of Vistra in the 4th quarter valued at $277,000. Dakota Wealth Management purchased a new position in shares of Vistra in the 4th quarter valued at about $231,000. Retirement Systems of Alabama grew its stake in Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after acquiring an additional 6,920 shares during the last quarter. First Sabrepoint Capital Management LP acquired a new stake in Vistra in the 3rd quarter valued at about $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new stake in Vistra in the 4th quarter valued at about $565,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VST shares. UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Evercore ISI initiated coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective on the stock. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Vistra Stock Up 5.4 %

Shares of NYSE:VST opened at $114.40 on Wednesday. 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 12-month low of $58.00 and a 12-month high of $199.84. The company has a fifty day simple moving average of $156.91 and a 200 day simple moving average of $136.63. The firm has a market cap of $38.78 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

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

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.