Federated Hermes Inc. Has $45.80 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Federated Hermes Inc. lessened its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 31.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 389,998 shares of the company's stock after selling 179,979 shares during the period. Federated Hermes Inc. owned about 0.11% of Vistra worth $45,801,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank grew its holdings in Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after acquiring an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Vistra during the 1st quarter worth approximately $341,000. Dynamic Advisor Solutions LLC acquired a new position in Vistra during the 1st quarter worth approximately $432,000. Envestnet Asset Management Inc. grew its holdings in Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after acquiring an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Transactions at Vistra

In other news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the sale, the executive vice president owned 218,239 shares of the company's stock, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the transaction, the executive vice president owned 88,073 shares of the company's stock, valued at $14,218,505.12. This represents a 28.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock valued at $47,461,490 over the last ninety days. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Down 0.2%

Shares of VST traded down $0.48 during mid-day trading on Friday, reaching $208.06. 5,735,168 shares of the stock traded hands, compared to its average volume of 4,789,888. The firm has a market cap of $70.60 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 2.54 and a beta of 1.30. The stock has a fifty day simple moving average of $184.27 and a 200 day simple moving average of $155.24. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $213.05. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's dividend payout ratio is currently 14.15%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price for the company. Morgan Stanley upped their target price on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $178.69.

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.