Vistra Corp. (NYSE:VST) Shares Sold by Assetmark Inc.

Key Points

• Assetmark Inc. reduced its stake in Vistra Corp. by 7.2%, retaining approximately 1.65 million shares, valued at $194 million.
• Vistra recently announced an increase in its quarterly dividend to $0.225 per share, up from the previous $0.22, representing a 0.47% yield.
• Analysts have varying ratings on Vistra, with a consensus of "Moderate Buy" and an average price target of $178.69, despite recent adjustments in targets from firms like UBS and JPMorgan.

Assetmark Inc. trimmed its holdings in Vistra Corp. (NYSE:VST - Free Report) by 7.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,652,523 shares of the company's stock after selling 127,323 shares during the quarter. Assetmark Inc. owned about 0.49% of Vistra worth $194,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VST. HM Payson & Co. lifted its holdings in shares of Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in shares of Vistra in the 4th quarter valued at about $28,000. Ameriflex Group Inc. purchased a new stake in shares of Vistra in the 4th quarter valued at about $32,000. Opal Wealth Advisors LLC purchased a new stake in shares of Vistra in the 1st quarter valued at about $46,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after purchasing an additional 381 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VST has been the subject of several research reports. UBS Group boosted their target price on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Raymond James Financial started coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. The Goldman Sachs Group boosted their price target on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $178.69.

Vistra Stock Performance

NYSE VST traded down $3.94 on Friday, hitting $192.30. 5,488,114 shares of the company's stock were exchanged, compared to its average volume of 4,904,095. 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 firm's 50-day moving average price is $178.79 and its two-hundred day moving average price is $153.69. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $207.12. The firm has a market cap of $65.25 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 2.32 and a beta of 1.26.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.47%. Vistra's payout ratio is presently 14.15%.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction that occurred 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 sale, the director owned 255,192 shares in the company, valued at $44,084,418. This represents a 16.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the completion of the sale, the executive vice president owned 306,600 shares in the company, valued at approximately $48,136,200. This represents a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock worth $47,461,490 in the last three months. 1.42% of the stock is currently owned by corporate insiders.

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.