Bank of New York Mellon Corp Reduces Stock Position in Vistra Corp. (NYSE:VST)

Bank of New York Mellon Corp decreased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,382,425 shares of the company's stock after selling 112,650 shares during the quarter. Bank of New York Mellon Corp owned about 0.70% of Vistra worth $279,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tucker Asset Management LLC bought a new stake in Vistra during the 4th quarter valued at $28,000. Ameriflex Group Inc. bought a new stake in Vistra during the 4th quarter valued at $32,000. Whittier Trust Co. raised its holdings in Vistra by 1,611.8% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after acquiring an additional 274 shares during the period. Opal Wealth Advisors LLC bought a new stake in Vistra during the 1st quarter valued at $46,000. Finally, Golden State Wealth Management LLC raised its holdings in Vistra by 2,540.0% during the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after acquiring an additional 381 shares during the period. Institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction that occurred 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 owned 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the transaction, the executive vice president directly owned 306,600 shares of the company's stock, valued at $48,136,200. This represents a 15.44% 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 over the last ninety days. 1.42% of the stock is owned by corporate insiders.

Vistra Trading Up 0.8%

Shares of Vistra stock traded up $1.53 during trading on Monday, reaching $193.73. 4,311,828 shares of the stock were exchanged, compared to its average volume of 7,171,765. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The stock's fifty day moving average is $164.42 and its 200 day moving average is $149.20. The firm has a market cap of $65.74 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.26.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were issued a $0.225 dividend. The ex-dividend date was Wednesday, June 18th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.46%. Vistra's dividend payout ratio (DPR) is 14.15%.

Analysts Set New Price Targets

VST has been the topic of several research analyst reports. The Goldman Sachs Group upped their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. UBS Group increased their target price on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Finally, Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Three investment 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 company. According to data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus target price of $176.92.

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.