Cerity Partners LLC Sells 28,041 Shares of Vistra Corp. (NYSE:VST)

Cerity Partners LLC trimmed its position in Vistra Corp. (NYSE:VST - Free Report) by 54.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,793 shares of the company's stock after selling 28,041 shares during the period. Cerity Partners LLC's holdings in Vistra were worth $2,794,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Paloma Partners Management Co raised its holdings in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after purchasing an additional 81 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after buying an additional 98 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Vistra by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock valued at $1,321,000 after buying an additional 106 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Vistra by 1.6% in the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after buying an additional 125 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Vistra by 4.0% in the first quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock valued at $398,000 after buying an additional 130 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Up 6.1%

Shares of VST traded up $11.04 during mid-day trading on Friday, hitting $193.04. 6,414,225 shares of the company's stock traded hands, compared to its average volume of 7,118,667. 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 $200.25. The firm has a market capitalization of $65.50 billion, a P/E ratio of 30.35, a PEG ratio of 2.27 and a beta of 1.26. The business's 50-day moving average price is $175.48 and its 200-day moving average price is $152.70.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.47%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. Vistra's payout ratio is 14.15%.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the transaction, the director directly owned 255,192 shares of the company's stock, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the 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 completion of the transaction, the executive vice president directly owned 88,073 shares in the company, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

VST has been the subject of a number of research reports. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group boosted their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. UBS Group boosted their price target on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Morgan Stanley boosted their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Finally, Raymond James Financial initiated coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.