4,291 Shares in Vistra Corp. (NYSE:VST) Bought by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft acquired 4,291 shares of Vistra Corp., valued at approximately $504,000, during the first quarter.
• In the last quarter, corporate insiders sold 294,000 shares of Vistra stock worth $47,461,490, indicating increased insider activity.
• Vistra recently announced an increase in its quarterly dividend to $0.226, representing an annual yield of 0.44% based on a dividend payout ratio of 14.15%.

Baader Bank Aktiengesellschaft bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,291 shares of the company's stock, valued at approximately $504,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First National Trust Co grew its holdings in Vistra by 24.0% in the 1st quarter. First National Trust Co now owns 7,378 shares of the company's stock valued at $866,000 after buying an additional 1,426 shares during the last quarter. XTX Topco Ltd grew its holdings in Vistra by 148.6% in the 1st quarter. XTX Topco Ltd now owns 23,147 shares of the company's stock valued at $2,718,000 after buying an additional 13,837 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Vistra by 44.2% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 34,509 shares of the company's stock valued at $4,053,000 after buying an additional 10,575 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Vistra in the 1st quarter valued at approximately $474,000. Finally, FSA Advisors Inc. acquired a new stake in Vistra in the 1st quarter valued at approximately $323,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of research analyst reports. UBS Group raised their target price on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley lifted their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Finally, The Goldman Sachs Group lifted their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Vistra presently has an average rating of "Moderate Buy" and a consensus target price of $178.69.

Insider Transactions at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the sale, the director owned 255,192 shares of the company's stock, valued at approximately $44,084,418. The trade was a 16.38% 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 worth $47,461,490. 1.42% of the stock is owned by company insiders.

Vistra Price Performance

VST traded down $0.48 during trading on Friday, hitting $208.06. The company's stock had a trading volume of 5,735,168 shares, compared to its average volume of 4,789,888. The firm's 50 day moving average price is $184.27 and its two-hundred day moving average price is $155.24. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $213.05. The stock has a market capitalization of $70.60 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.54 and a beta of 1.30.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is presently 14.15%.

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.