DekaBank Deutsche Girozentrale Has $2.07 Million Position in Vistra Corp. (NYSE:VST)

DekaBank Deutsche Girozentrale trimmed its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 22.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,556 shares of the company's stock after selling 5,229 shares during the period. DekaBank Deutsche Girozentrale's holdings in Vistra were worth $2,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Vistra in the 4th quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA lifted its position in 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 purchasing an additional 2,433,732 shares during the period. Capital International Investors bought a new position in Vistra during the 4th quarter valued at $286,414,000. Palidye Holdings Caymans Ltd acquired a new position in shares of Vistra during the 4th quarter valued at $149,451,000. Finally, D1 Capital Partners L.P. bought a new stake in shares of Vistra in the 4th quarter worth $92,649,000. Institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VST shares. Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. UBS Group raised their price objective on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. The Goldman Sachs Group lifted their price objective 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. Morgan Stanley increased their target price on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.92.

Insider Activity

In other news, Director John R. Sult sold 25,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $171.67, for a total value 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 $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president owned 218,239 shares in the company, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock worth $47,461,490. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Down 0.9%

Shares of NYSE:VST traded down $1.73 during mid-day trading on Monday, hitting $194.86. The stock had a trading volume of 3,785,940 shares, compared to its average volume of 7,588,891. The company's 50 day moving average is $170.58 and its 200-day moving average is $151.03. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $200.25. 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 cap of $66.12 billion, a PE ratio of 30.64, a P/E/G ratio of 2.31 and a beta of 1.26.

Vistra Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Wednesday, June 18th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. Vistra's dividend payout ratio (DPR) is presently 14.15%.

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.