BOCHK Asset Management Ltd Lowers Stake in Vistra Corp. (NYSE:VST)

BOCHK Asset Management Ltd lessened its holdings in Vistra Corp. (NYSE:VST - Free Report) by 59.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,500 shares of the company's stock after selling 96,100 shares during the period. Vistra makes up approximately 4.3% of BOCHK Asset Management Ltd's portfolio, making the stock its 12th largest position. BOCHK Asset Management Ltd's holdings in Vistra were worth $7,575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Envestnet Asset Management Inc. raised its holdings in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after purchasing an additional 57,551 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Vistra by 594.6% in the 1st quarter. Penserra Capital Management LLC now owns 6,196 shares of the company's stock valued at $727,000 after purchasing an additional 5,304 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in shares of Vistra by 5.7% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 16,068 shares of the company's stock valued at $1,887,000 after purchasing an additional 870 shares in the last quarter. HM Payson & Co. raised 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 in the last quarter. Finally, World Investment Advisors raised its holdings in shares of Vistra by 103.2% in the 1st quarter. World Investment Advisors now owns 7,508 shares of the company's stock valued at $882,000 after purchasing an additional 3,813 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VST. Morgan Stanley lifted their price target on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. cut their price target 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. The Goldman Sachs Group lifted their price target 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. UBS Group lifted their price target on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.

Vistra Trading Up 2.4%

Shares of Vistra stock opened at $191.51 on Monday. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. 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 company has a market capitalization of $64.98 billion, a P/E ratio of 30.11, a PEG ratio of 2.26 and a beta of 1.26. The company's fifty day moving average is $164.42 and its two-hundred day moving average is $149.20.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were issued a $0.225 dividend. This is an increase 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 dividend yield of 0.47%. Vistra's payout ratio is presently 14.15%.

Insiders Place Their Bets

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares of the company's stock, valued at $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction dated 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 sale, the executive vice president directly owned 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 294,000 shares of company stock valued at $47,461,490. Corporate 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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