Banque Pictet & Cie SA Purchases Shares of 3,600 Vistra Corp. (NYSE:VST)

Banque Pictet & Cie SA purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,600 shares of the company's stock, valued at approximately $423,000.

A number of other hedge funds also recently made changes to their positions in VST. HM Payson & Co. raised its stake in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares during the period. Tucker Asset Management LLC bought a new stake in shares of Vistra in the fourth quarter worth $28,000. Ameriflex Group Inc. bought a new stake in shares of Vistra in the fourth quarter worth $32,000. Whittier Trust Co. increased its stake in shares of Vistra by 1,611.8% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after buying an additional 274 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Vistra in the first quarter worth $46,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VST. The Goldman Sachs Group lifted their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Raymond James Financial assumed coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Morgan Stanley lifted their price objective on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $176.92.

Insider Activity at Vistra

In related news, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares of the company's stock, valued at $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the sale, the executive vice president directly owned 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of VST traded up $0.70 during midday trading on Friday, hitting $196.48. 3,712,766 shares of the stock traded hands, compared to its average volume of 7,167,814. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $200.25. The firm has a market capitalization of $66.67 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. The business's 50 day moving average price is $170.58 and its two-hundred day moving average price is $150.93.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.46%. Vistra's payout ratio is 14.15%.

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.