DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Stake in Vistra Corp. (NYSE:VST)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its stake in Vistra Corp. (NYSE:VST - Free Report) by 68.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,497 shares of the company's stock after selling 113,202 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Vistra were worth $7,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted 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 buying an additional 65 shares during the period. Pathway Financial Advisers LLC raised its position in shares of 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 acquiring an additional 154 shares in the last quarter. Founders Capital Management bought a new position in shares of Vistra in the 4th quarter worth approximately $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the 4th quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other news, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. The trade was a 76.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on 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 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 position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of VST stock traded up $10.12 on Monday, reaching $145.87. The stock had a trading volume of 8,349,698 shares, compared to its average volume of 7,573,009. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The stock has a market cap of $49.62 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a 50 day simple moving average of $122.06 and a 200 day simple moving average of $141.56.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.62%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 14.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VST shares. JPMorgan Chase & Co. lowered their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Daiwa Capital Markets started coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. 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. BMO Capital Markets lifted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group assumed coverage on Vistra in a research note on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and a consensus target price of $166.67.

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.