GF Fund Management CO. LTD. Buys 38,446 Shares of Vistra Corp. (NYSE:VST)

GF Fund Management CO. LTD. lifted its stake in Vistra Corp. (NYSE:VST - Free Report) by 32,038.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,566 shares of the company's stock after buying an additional 38,446 shares during the period. GF Fund Management CO. LTD.'s holdings in Vistra were worth $4,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Vistra during the fourth quarter worth $409,087,000. Massachusetts Financial Services Co. MA lifted its stake in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new stake in Vistra during the fourth quarter worth $286,414,000. Raymond James Financial Inc. bought a new position in shares of Vistra in the 4th quarter valued at $237,441,000. Finally, Appaloosa LP boosted its holdings in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after acquiring an additional 1,429,612 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Up 2.4%

Shares of NYSE:VST opened at $191.51 on Friday. The company has a market capitalization of $64.98 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 2.26 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The business's 50-day moving average is $164.42 and its 200-day moving average is $149.01. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.47%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. Vistra's payout ratio is presently 14.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. UBS Group boosted their price objective on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Morgan Stanley lifted their target price on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Raymond James Financial initiated coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Three research 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.92.

Insiders Place Their Bets

In related news, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the completion of the sale, the executive vice president directly owned 306,600 shares of the company's stock, valued at $48,136,200. The trade was a 15.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John R. Sult sold 25,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 75,946 shares of the company's stock, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock worth $47,461,490 over the last three months. 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.

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