Jefferies Financial Group Inc. Sells 53,288 Shares of Vistra Corp. (NYSE:VST)

Jefferies Financial Group Inc. trimmed its stake in Vistra Corp. (NYSE:VST - Free Report) by 91.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,005 shares of the company's stock after selling 53,288 shares during the period. Jefferies Financial Group Inc.'s holdings in Vistra were worth $690,000 at the end of the most recent reporting period.

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

Vistra Price Performance

VST stock traded up $0.61 during trading on Friday, hitting $160.34. The company had a trading volume of 5,295,934 shares, compared to its average volume of 7,474,738. The company has a fifty day moving average price of $131.61 and a two-hundred day moving average price of $144.11. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a market cap of $54.41 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.12 and a beta of 1.16. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84.

Vistra Increases Dividend

The business also recently declared 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 a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.56%. Vistra's payout ratio is currently 14.15%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group lifted their price target on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target for the company. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. lowered 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. Finally, Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $169.08.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. The trade was a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was 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 directly owns 218,239 shares in the company, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,136 shares of company stock valued at $37,529,690 in the last 90 days. 1.42% of the stock is owned by corporate insiders.

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.