Bank of Nova Scotia raised its position in Vistra Corp. (NYSE:VST - Free Report) by 120.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,804 shares of the company's stock after acquiring an additional 134,678 shares during the quarter. Bank of Nova Scotia owned approximately 0.07% of Vistra worth $28,985,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in shares of Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after buying an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Vistra during the 1st quarter worth about $341,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Vistra during the 1st quarter worth about $432,000. Envestnet Asset Management Inc. lifted its stake in shares of Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after buying an additional 57,551 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on VST shares. Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Raymond James Financial started coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. UBS Group raised their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. 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 research report on Wednesday, June 18th. Finally, The Goldman Sachs Group raised their price target 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. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.69.
Check Out Our Latest Stock Analysis on Vistra
Vistra Price Performance
VST stock opened at $208.06 on Friday. 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 12 month low of $66.50 and a 12 month high of $213.05. The firm has a market cap of $70.60 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.53 and a beta of 1.30. The company's 50-day moving average price is $184.27 and its two-hundred day moving average price is $155.15.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is 14.15%.
Insider Transactions at Vistra
In related news, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction that occurred 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 directly owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra 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 sale, the executive vice president directly owned 306,600 shares in the company, valued at $48,136,200. This trade represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 294,000 shares of company stock worth $47,461,490. Corporate insiders own 1.42% of the company's stock.
About Vistra
(
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.
See Also
Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

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