AlphaStar Capital Management LLC Has $589,000 Holdings in Vistra Corp. (NYSE:VST)

AlphaStar Capital Management LLC cut its holdings in Vistra Corp. (NYSE:VST - Free Report) by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,016 shares of the company's stock after selling 2,016 shares during the quarter. AlphaStar Capital Management LLC's holdings in Vistra were worth $589,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after buying an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after buying an additional 2,433,732 shares during the last quarter. Northern Trust Corp raised its position in Vistra by 10.9% in the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock valued at $417,261,000 after buying an additional 296,714 shares during the last quarter. Norges Bank bought a new position in Vistra in the 4th quarter valued at $409,087,000. Finally, Castle Hook Partners LP grew its stake in Vistra by 13.6% in the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after purchasing an additional 353,949 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction, the executive vice president directly owned 88,073 shares in the company, valued at $14,218,505.12. The trade was a 28.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the business'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 owned 218,239 shares in the company, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock worth $47,461,490. Insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VST shares. 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. 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. JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

Vistra Price Performance

Shares of VST stock opened at $191.80 on Tuesday. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. 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 firm has a market capitalization of $65.08 billion, a P/E ratio of 29.98, a P/E/G ratio of 2.26 and a beta of 1.26. The stock has a 50 day moving average price of $165.70 and a 200 day moving average price of $149.58.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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. This represents a $0.90 annualized dividend and a yield of 0.47%. The ex-dividend date was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.