Bessemer Group Inc. Has $1.54 Million Holdings in Vistra Corp. (NYSE:VST)

Bessemer Group Inc. cut its holdings in Vistra Corp. (NYSE:VST - Free Report) by 66.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,140 shares of the company's stock after selling 25,762 shares during the period. Bessemer Group Inc.'s holdings in Vistra were worth $1,543,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of VST. Whipplewood Advisors LLC acquired a new position in shares of Vistra in the fourth quarter valued at about $39,000. Oppenheimer Asset Management Inc. grew its stake in Vistra by 122.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,867 shares of the company's stock worth $671,000 after buying an additional 2,681 shares in the last quarter. Private Trust Co. NA grew its stake in Vistra by 168.8% during the fourth quarter. Private Trust Co. NA now owns 1,742 shares of the company's stock worth $240,000 after buying an additional 1,094 shares in the last quarter. US Bancorp DE grew its stake in Vistra by 34.5% during the fourth quarter. US Bancorp DE now owns 21,786 shares of the company's stock worth $3,004,000 after buying an additional 5,593 shares in the last quarter. Finally, West Michigan Advisors LLC acquired a new stake in Vistra during the fourth quarter worth about $267,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Up 2.6%

NYSE:VST opened at $195.38 on Monday. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The firm's fifty day moving average is $157.24 and its 200-day moving average is $147.46. The firm has a market cap of $66.30 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.30 and a beta of 1.22. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 14.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VST shares. The Goldman Sachs Group increased their price objective on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vistra has an average rating of "Moderate Buy" and an average price target of $176.92.

Insider Buying and Selling

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the sale, the director now directly owns 325,192 shares in the company, valued at approximately $50,990,105.60. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the sale, the executive vice president now owns 306,600 shares of the company's stock, valued at $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock valued at $47,461,490 over the last quarter. Insiders own 1.42% of the company's stock.

Vistra Company Profile

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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