CHURCHILL MANAGEMENT Corp Grows Position in Vistra Corp. (NYSE:VST)

CHURCHILL MANAGEMENT Corp lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,149 shares of the company's stock after purchasing an additional 2,330 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in Vistra were worth $9,530,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VST. Norges Bank purchased a new position in Vistra during the fourth quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares in the last quarter. Capital International Investors bought a new position in shares of Vistra in the fourth quarter worth $286,414,000. Raymond James Financial Inc. bought a new position in shares of Vistra in the fourth quarter worth approximately $237,441,000. Finally, Appaloosa LP raised its position in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after buying an additional 1,429,612 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction on Thursday, June 5th. The shares were 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 approximately $44,084,418. The trade was a 16.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the sale, the director directly owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 294,000 shares of company stock worth $47,461,490. Insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley boosted 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 for the company in a research report on Friday, March 28th. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. Finally, Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $176.92.

Vistra Trading Up 0.3%

Shares of NYSE:VST traded up $0.64 during midday trading on Wednesday, hitting $185.74. 962,631 shares of the stock traded hands, compared to its average volume of 7,151,328. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The business's 50 day moving average is $160.43 and its two-hundred day moving average is $148.06. The stock has a market capitalization of $63.03 billion, a PE ratio of 29.07, a P/E/G ratio of 2.28 and a beta of 1.26. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.48%. Vistra's dividend payout ratio is presently 14.15%.

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.