Hussman Strategic Advisors Inc. Buys Shares of 10,500 Vistra Corp. (NYSE:VST)

Hussman Strategic Advisors Inc. bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,500 shares of the company's stock, valued at approximately $1,233,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI raised its stake in shares of Vistra by 45.0% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 3,516 shares of the company's stock valued at $413,000 after acquiring an additional 1,091 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Vistra by 184.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 9,900 shares of the company's stock valued at $1,163,000 after acquiring an additional 6,422 shares during the period. Dynasty Wealth Management LLC raised its stake in shares of Vistra by 4.9% in the 1st quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock valued at $266,000 after acquiring an additional 105 shares during the period. Burns Matteson Capital Management LLC raised its stake in shares of Vistra by 35.8% in the 1st quarter. Burns Matteson Capital Management LLC now owns 2,176 shares of the company's stock valued at $256,000 after acquiring an additional 574 shares during the period. Finally, Bridgewater Advisors Inc. purchased a new stake in Vistra during the 1st quarter worth approximately $216,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of VST traded up $11.04 during trading hours on Friday, reaching $193.04. The company had a trading volume of 6,414,225 shares, compared to its average volume of 7,118,667. The firm has a 50 day simple moving average of $175.48 and a 200-day simple moving average of $152.70. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The company has a market capitalization of $65.50 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.27 and a beta of 1.26. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $200.25.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Activity

In other news, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the sale, the executive vice president directly owned 306,600 shares in the company, valued at $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This trade represents a 28.44% 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 in the last three months. Company insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

VST has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Morgan Stanley increased their price objective on shares of Vistra from $178.00 to $186.00 and gave the company 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 company an "outperform" rating in a research report on Thursday, May 15th. Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Finally, UBS Group increased their price objective on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Three research 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $176.92.

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.