CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Increases Position in Vistra Corp. (NYSE:VST)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in Vistra Corp. (NYSE:VST - Free Report) by 27.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,000 shares of the company's stock after purchasing an additional 52,400 shares during the quarter. Vistra accounts for approximately 1.7% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's portfolio, making the stock its 17th largest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned about 0.07% of Vistra worth $28,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Vistra by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after acquiring an additional 219,055 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares in the last quarter. Northern Trust Corp grew its stake in shares of Vistra by 10.9% in the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock worth $417,261,000 after acquiring an additional 296,714 shares in the last quarter. Norges Bank acquired a new position in shares of Vistra in the fourth quarter worth $409,087,000. Finally, Castle Hook Partners LP grew its stake in shares of Vistra by 13.6% in the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after acquiring an additional 353,949 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $50,990,105.60. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's 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 now directly owns 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock worth $47,461,490 over the last 90 days. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Performance

NYSE VST opened at $195.38 on Friday. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a market capitalization of $66.30 billion, a PE ratio of 30.72, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a fifty day moving average of $157.24 and a two-hundred day moving average of $147.44.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 14.15%.

Analysts Set New Price Targets

VST has been the subject of several research reports. 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. 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. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, UBS Group boosted their target price 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. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $176.92.

Vistra 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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