Vistra Corp. (NYSE:VST) Stock Holdings Trimmed by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,164 shares of the company's stock after selling 3,391 shares during the period. Illinois Municipal Retirement Fund's holdings in Vistra were worth $4,130,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VST. Paloma Partners Management Co raised its position in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after acquiring an additional 81 shares during the period. Sunbelt Securities Inc. grew its stake in Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after acquiring an additional 98 shares in the last quarter. IHT Wealth Management LLC grew its stake in Vistra by 1.1% during the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock valued at $1,321,000 after acquiring an additional 106 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Vistra by 1.6% in the 4th quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after buying an additional 125 shares during the period. Finally, Flagship Harbor Advisors LLC raised its position in shares of Vistra by 4.0% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock valued at $398,000 after buying an additional 130 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the transaction, the director now owns 325,192 shares in the company, valued at approximately $50,990,105.60. This trade represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the transaction, the executive vice president now owns 218,239 shares in the company, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock valued at $47,461,490 in the last ninety days. Corporate insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on VST. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. Morgan Stanley upped their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. UBS Group upped their price target on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. The Goldman Sachs Group increased their price objective on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Finally, Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Three equities 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 data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average target price of $176.92.

Vistra Stock Performance

Shares of VST stock traded up $4.98 during trading hours on Friday, reaching $195.38. 8,887,881 shares of the company's stock were exchanged, compared to its average volume of 7,187,770. The company has a market cap of $66.30 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. The company's 50 day moving average is $157.24 and its two-hundred day moving average is $147.45. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a $0.225 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 14.15%.

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.