Advisors Preferred LLC trimmed its stake in Vistra Corp. (NYSE:VST - Free Report) by 81.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,917 shares of the company's stock after selling 17,443 shares during the quarter. Advisors Preferred LLC's holdings in Vistra were worth $479,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. HM Payson & Co. boosted its holdings in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after acquiring an additional 168 shares in the last quarter. Tucker Asset Management LLC bought a new stake in Vistra in the fourth quarter worth $28,000. Ameriflex Group Inc. bought a new stake in Vistra in the fourth quarter worth $32,000. Opal Wealth Advisors LLC bought a new stake in Vistra in the first quarter worth $46,000. Finally, Golden State Wealth Management LLC boosted its holdings in Vistra by 2,540.0% in the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after acquiring an additional 381 shares in the last quarter. 90.88% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the director owned 255,192 shares of the company's stock, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president directly owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have recently weighed in on VST shares. JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. UBS Group boosted their price target on 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 started coverage on 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 boosted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Finally, The Goldman Sachs Group boosted their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.92.
Read Our Latest Research Report on Vistra
Vistra Stock Performance
VST traded down $3.85 during midday trading on Thursday, reaching $196.27. The company had a trading volume of 4,913,991 shares, compared to its average volume of 4,842,027. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The business has a 50-day moving average of $177.90 and a two-hundred day moving average of $153.47. The company has a market cap of $66.60 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.37 and a beta of 1.26. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $207.12.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a $0.225 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. Vistra's dividend payout ratio is presently 14.15%.
Vistra Profile
(
Free Report)
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.
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