Vistra Corp. (NYSE:VST) Shares Sold by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. lowered its position in Vistra Corp. (NYSE:VST - Free Report) by 26.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,400 shares of the company's stock after selling 10,200 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in Vistra were worth $3,335,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Slocum Gordon & Co LLP acquired a new position in Vistra in the 1st quarter worth about $117,000. Global Assets Advisory LLC acquired a new stake in Vistra in the 1st quarter valued at $1,325,000. International Assets Investment Management LLC increased its holdings in Vistra by 128.4% in the 1st quarter. International Assets Investment Management LLC now owns 8,652 shares of the company's stock worth $1,016,000 after acquiring an additional 4,864 shares in the last quarter. AssuredPartners Investment Advisors LLC acquired a new position in Vistra during the first quarter worth $3,904,000. Finally, Asset Management One Co. Ltd. grew its position in shares of Vistra by 2.6% in the first quarter. Asset Management One Co. Ltd. now owns 135,559 shares of the company's stock valued at $15,920,000 after purchasing an additional 3,412 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Up 2.2%

Shares of VST stock traded up $4.14 on Thursday, hitting $190.46. 3,675,729 shares of the stock traded hands, compared to its average volume of 7,221,825. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The firm's 50-day moving average price is $154.13 and its two-hundred day moving average price is $146.78. The stock has a market capitalization of $64.63 billion, a PE ratio of 29.95, a PEG ratio of 2.27 and a beta of 1.22.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 0.47%. Vistra's dividend payout ratio is currently 14.15%.

Insider Activity at Vistra

In other news, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the transaction, the executive vice president now owns 218,239 shares of the company's stock, valued at $34,259,158.22. This represents a 33.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the 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 transaction, the director now owns 255,192 shares of the company's stock, valued at approximately $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 294,000 shares of company stock worth $47,461,490. Insiders own 1.42% of the company's stock.

Analyst Ratings Changes

VST has been the topic of several research analyst reports. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. UBS Group lifted their target price on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Raymond James Financial began coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley boosted their price target on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.92.

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.