Exchange Traded Concepts LLC Lowers Position in Vistra Corp. (NYSE:VST)

Exchange Traded Concepts LLC reduced its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,844 shares of the company's stock after selling 10,551 shares during the period. Exchange Traded Concepts LLC's holdings in Vistra were worth $5,266,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new position in Vistra in the 4th quarter valued at about $28,000. Cherry Tree Wealth Management LLC raised its position in shares of Vistra by 2,030.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock valued at $29,000 after buying an additional 203 shares during the period. Ameriflex Group Inc. acquired a new position in Vistra in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC purchased a new position in Vistra in the fourth quarter worth approximately $39,000. Finally, Whittier Trust Co. increased its stake in Vistra by 1,611.8% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after acquiring an additional 274 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of VST traded up $3.56 during midday trading on Monday, reaching $177.31. 4,172,779 shares of the stock were exchanged, compared to its average volume of 7,326,731. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $60.17 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.12 and a beta of 1.22. The business's 50-day moving average price is $143.01 and its 200 day moving average price is $145.25.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 14.15%.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director now directly owns 255,192 shares in the company, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the business'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 value of $16,953,840.00. Following the completion of the transaction, the executive vice president now directly owns 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Bank of America raised 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. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Raymond James began coverage on shares of Vistra in a report on Friday. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $172.69.

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.