Arizona State Retirement System lessened its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,389 shares of the company's stock after selling 1,400 shares during the quarter. Arizona State Retirement System's holdings in Vistra were worth $11,555,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of VST. Moors & Cabot Inc. lifted its holdings in shares of Vistra by 26.1% during the 4th quarter. Moors & Cabot Inc. now owns 2,516 shares of the company's stock valued at $347,000 after purchasing an additional 520 shares during the last quarter. PFG Advisors purchased a new position in Vistra during the 4th quarter worth $238,000. Avantax Advisory Services Inc. increased its position in Vistra by 2.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 17,009 shares of the company's stock valued at $2,345,000 after buying an additional 340 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Vistra by 21.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 53,918 shares of the company's stock valued at $7,434,000 after buying an additional 9,567 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in Vistra in the fourth quarter worth about $524,000. Hedge funds and other institutional investors own 90.88% of the company's stock.
Vistra Stock Performance
NYSE VST traded down $1.73 on Monday, reaching $194.86. 3,785,940 shares of the company's stock traded hands, compared to its average volume of 7,588,891. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $200.25. 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 cap of $66.12 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 2.31 and a beta of 1.26. The stock has a 50 day moving average price of $170.58 and a 200-day moving average price of $151.03.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a dividend of $0.225 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is currently 14.15%.
Insider Buying and Selling
In related news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director owned 75,946 shares in the company, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the transaction, the executive vice president directly owned 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock valued at $47,461,490 in the last three months. 1.42% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on VST. Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. The Goldman Sachs Group boosted their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley raised their price target on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Finally, UBS Group boosted their price objective on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $176.92.
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About Vistra
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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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