IFM Investors Pty Ltd Boosts Stock Position in Vistra Corp. (NYSE:VST)

IFM Investors Pty Ltd grew its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,716 shares of the company's stock after purchasing an additional 8,343 shares during the quarter. IFM Investors Pty Ltd's holdings in Vistra were worth $7,553,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Tucker Asset Management LLC purchased a new stake in Vistra during the fourth quarter valued at about $28,000. Ameriflex Group Inc. bought a new stake in shares of Vistra in the fourth quarter valued at approximately $32,000. Whittier Trust Co. lifted its stake in shares of Vistra by 1,611.8% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after buying an additional 274 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in Vistra in the 1st quarter worth approximately $46,000. Finally, Golden State Wealth Management LLC boosted its holdings in Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after buying an additional 381 shares during the period. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on VST shares. JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock 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 report on Thursday, May 15th. The Goldman Sachs Group increased their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Morgan Stanley upped their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Finally, Raymond James Financial started coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Three 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 company's stock. Based on data from MarketBeat, Vistra has an average rating of "Moderate Buy" and an average price target of $176.92.

Insider Buying and Selling

In related news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the sale, the director directly owned 255,192 shares in the company, valued at $44,084,418. This represents a 16.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction that occurred on Friday, June 6th. The stock was 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 in the company, valued at $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 over the last 90 days. Insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of VST traded up $1.53 during midday trading on Monday, reaching $193.73. The stock had a trading volume of 4,311,828 shares, compared to its average volume of 7,171,771. 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 $65.74 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.26. The company's 50-day moving average is $165.70 and its 200 day moving average is $149.58. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 annualized dividend 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 (DPR) is currently 14.15%.

Vistra 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.