Vistra Corp. (NYSE:VST) Shares Sold by Hurley Capital LLC

Key Points

• Hurley Capital LLC has significantly reduced its stake in Vistra Corp., selling 10,613 shares and now holding just 520 shares worth $61,000.
• Insider trading activities have seen the director John R. Sult and EVP Carrie Lee Kirby sell substantial amounts of stock, representing decreases of 24.77% and 33.10% in their positions, respectively.
• Vistra Corp. declared an increased quarterly dividend of $0.225, reflecting a slight uptick from the previous dividend of $0.22, with a current yield of 0.46%.

Hurley Capital LLC reduced its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 95.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 520 shares of the company's stock after selling 10,613 shares during the period. Hurley Capital LLC's holdings in Vistra were worth $61,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in Vistra by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after buying an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings 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 valued at $863,116,000 after buying an additional 2,433,732 shares during the last quarter. Northern Trust Corp increased its holdings in Vistra by 10.9% during the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock valued at $417,261,000 after buying an additional 296,714 shares during the last quarter. Castle Hook Partners LP increased its holdings in Vistra by 13.6% during the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after buying an additional 353,949 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Vistra by 5.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,206,046 shares of the company's stock valued at $304,148,000 after purchasing an additional 106,803 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. 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. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group upped their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Morgan Stanley raised their target price on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and a consensus target price of $178.69.

Vistra Trading Up 0.1%

Vistra stock traded up $0.29 during midday trading on Friday, reaching $208.83. The stock had a trading volume of 3,980,779 shares, compared to its average volume of 7,348,594. 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 Corp. has a 52-week low of $66.50 and a 52-week high of $213.05. The firm has a market cap of $70.86 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26. The company has a fifty day moving average of $183.29 and a 200 day moving average of $154.98.

Vistra Increases Dividend

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

Insider Buying and Selling

In other news, Director Scott B. Helm sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the transaction, the director directly owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the firm's 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 transaction, the executive vice president directly owned 218,239 shares in the company, valued at approximately $34,259,158.22. This trade represents a 33.10% 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. 1.42% of the stock is currently owned by company insiders.

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.