Gallacher Capital Management LLC Invests $207,000 in Vistra Corp. (NYSE:VST)

Gallacher Capital Management LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,758 shares of the company's stock, valued at approximately $207,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Peregrine Asset Advisers Inc. boosted its holdings in shares of Vistra by 564.8% in the 1st quarter. Peregrine Asset Advisers Inc. now owns 13,721 shares of the company's stock worth $1,611,000 after acquiring an additional 11,657 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Vistra by 33.9% in the 1st quarter. Lindbrook Capital LLC now owns 2,289 shares of the company's stock worth $269,000 after acquiring an additional 579 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Vistra by 3.8% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 26,191 shares of the company's stock worth $3,076,000 after purchasing an additional 961 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Vistra by 8.6% in the 1st quarter. J.W. Cole Advisors Inc. now owns 8,219 shares of the company's stock worth $965,000 after purchasing an additional 649 shares during the last quarter. Finally, Mariner Investment Group LLC bought a new position in Vistra in the 1st quarter worth approximately $5,167,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In related news, Director John R. Sult sold 25,000 shares of the company's stock in a transaction 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 transaction, the director directly owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the transaction, the executive vice president directly owned 306,600 shares of the company's stock, valued at approximately $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Trading Down 2.5%

Shares of VST stock traded down $4.99 on Friday, hitting $191.25. The stock had a trading volume of 3,603,422 shares, compared to its average volume of 7,435,999. The firm has a market cap of $64.90 billion, a P/E ratio of 30.09, a PEG ratio of 2.37 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $207.12. The company has a fifty day moving average price of $178.79 and a two-hundred day moving average price of $153.69.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were paid a $0.225 dividend. The ex-dividend date of this dividend 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 0.47%. Vistra's dividend payout ratio is presently 14.15%.

Analysts Set New Price Targets

Several research analysts recently weighed in on VST shares. Morgan Stanley boosted their price objective on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. 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 research report on Friday, May 23rd. Finally, 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 research report on Friday. Three investment 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.69.

Vistra Company 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.