Fifth Third Bancorp Purchases 33,768 Shares of Vistra Corp. (NYSE:VST)

Fifth Third Bancorp lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 519.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,267 shares of the company's stock after buying an additional 33,768 shares during the period. Fifth Third Bancorp's holdings in Vistra were worth $4,729,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of VST. Stephens Inc. AR boosted its position in shares of Vistra by 17.0% during the fourth quarter. Stephens Inc. AR now owns 4,765 shares of the company's stock valued at $657,000 after buying an additional 691 shares during the last quarter. Savant Capital LLC boosted its position in shares of Vistra by 10.7% during the fourth quarter. Savant Capital LLC now owns 4,058 shares of the company's stock valued at $559,000 after buying an additional 393 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of Vistra during the fourth quarter valued at approximately $227,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Vistra during the fourth quarter valued at approximately $1,177,000. Finally, Pathway Financial Advisers LLC boosted its position in shares of Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

VST has been the topic of several research reports. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. The Goldman Sachs Group boosted their target price on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Raymond James assumed coverage on Vistra in a research note on Friday. They set a "strong-buy" rating and a $216.00 price objective on the stock. Finally, UBS Group boosted their price objective on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Vistra has a consensus rating of "Moderate Buy" and an average target price of $172.69.

Vistra Price Performance

Shares of VST traded down $0.19 during midday trading on Friday, reaching $173.68. The stock had a trading volume of 3,956,609 shares, compared to its average volume of 7,339,402. The company's 50-day moving average is $143.01 and its 200 day moving average is $145.32. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $58.94 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.52%. Vistra's dividend payout ratio is currently 14.15%.

Insider Activity at Vistra

In other Vistra news, Director John R. Sult sold 25,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the transaction, the director now owns 75,946 shares of the company's stock, valued at $13,037,649.82. This represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.80, for a total value of $3,136,000.00. Following the transaction, the director now directly owns 325,192 shares of the company's stock, valued at $50,990,105.60. The trade was a 5.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock worth $47,461,490 in the last ninety days. 1.42% of the stock is owned by company insiders.

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.