Allspring Global Investments Holdings LLC Has $57.14 Million Stake in Vistra Corp. (NYSE:VST)

Allspring Global Investments Holdings LLC decreased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 28.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 467,473 shares of the company's stock after selling 183,343 shares during the period. Allspring Global Investments Holdings LLC owned 0.14% of Vistra worth $57,144,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VST. Tucker Asset Management LLC acquired a new stake in Vistra in the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. acquired a new stake in Vistra in the 4th quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new stake in Vistra in the 4th quarter valued at approximately $39,000. Whittier Trust Co. grew its holdings in Vistra by 1,611.8% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after buying an additional 274 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in Vistra in the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

Vistra stock opened at $195.38 on Monday. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The company has a market capitalization of $66.30 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The business has a 50 day simple moving average of $157.24 and a 200 day simple moving average of $147.46.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Buying and Selling

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra 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 completion of the transaction, the executive vice president now owns 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction on Thursday, June 5th. The shares were 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 now owns 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. Insiders sold 294,000 shares of company stock worth $47,461,490 in the last 90 days. 1.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VST. Raymond James Financial began coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and lowered their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. The Goldman Sachs Group raised their target price on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley raised their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Three research 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.com, Vistra has a consensus rating of "Moderate Buy" and an average price target 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.

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