Convergence Investment Partners LLC Sells 4,197 Shares of Vistra Corp. (NYSE:VST)

Convergence Investment Partners LLC lowered its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 36.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,300 shares of the company's stock after selling 4,197 shares during the period. Convergence Investment Partners LLC's holdings in Vistra were worth $857,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of Vistra by 1.9% in 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 in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Vistra in the 1st quarter worth $341,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Vistra in the 1st quarter worth $432,000. Envestnet Asset Management Inc. raised its stake 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 worth $30,021,000 after buying an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Vistra by 12.9% in 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 in the last quarter. Institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VST shares. Raymond James Financial started coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. 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 report on Friday, May 23rd. Morgan Stanley boosted their target price on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Finally, Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $178.69.

Insider Transactions at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the transaction, the executive vice president owned 88,073 shares in the company, 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 document filed with the SEC, which is available through the SEC website. Also, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the transaction, the director owned 255,192 shares in the company, valued at $44,084,418. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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 Stock Down 2.0%

Shares of VST stock traded down $3.94 on Friday, reaching $192.30. 5,488,114 shares of the company's stock traded hands, compared to its average volume of 7,451,015. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $207.12. 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 $65.25 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26. The business's 50 day moving average price is $178.79 and its two-hundred day moving average price is $153.69.

Vistra Increases Dividend

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