Fort Sheridan Advisors LLC Sells 2,500 Shares of Vistra Corp. (NYSE:VST)

Fort Sheridan Advisors LLC cut its stake in Vistra Corp. (NYSE:VST - Free Report) by 17.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,159 shares of the company's stock after selling 2,500 shares during the quarter. Fort Sheridan Advisors LLC's holdings in Vistra were worth $1,428,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Vistra in the fourth quarter worth about $409,087,000. Massachusetts Financial Services Co. MA boosted its stake 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 valued at $863,116,000 after acquiring an additional 2,433,732 shares during the period. Capital International Investors acquired a new position in Vistra in the fourth quarter valued at approximately $286,414,000. Palidye Holdings Caymans Ltd acquired a new position in Vistra in the fourth quarter valued at approximately $149,451,000. Finally, D1 Capital Partners L.P. acquired a new position in Vistra in the fourth quarter valued at approximately $92,649,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of VST traded up $0.70 during trading hours on Friday, reaching $196.48. 3,712,766 shares of the company traded hands, compared to its average volume of 7,175,559. The stock's fifty day moving average is $170.58 and its 200 day moving average is $150.99. The stock has a market cap of $66.67 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $200.25.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 14.15%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. UBS Group lifted their target price on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. JPMorgan Chase & Co. decreased their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. 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. Finally, The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Three 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.92.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the transaction, the director owned 255,192 shares of the company's stock, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John R. Sult sold 25,000 shares of the stock in a transaction dated 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 directly owned 75,946 shares of the company's stock, valued at $13,037,649.82. This trade represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock valued at $47,461,490 in the last three months. Company insiders own 1.42% of the company's stock.

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.