Machina Capital S.A.S. Buys Shares of 2,124 Vistra Corp. (NYSE:VST)

Key Points

• Machina Capital S.A.S. purchased 2,124 shares of Vistra Corp. valued at approximately $249,000 in the first quarter, according to a recent filing with the SEC.
• Insider trades reveal that EVP Scott A. Hudson and Director John R. Sult sold significant portions of their holdings, with Hudson selling 56,000 shares for around $8.79 million.
• Vistra recently increased its quarterly dividend to $0.225 per share, representing an annualized dividend of $0.90 and a yield of 0.47%.

Machina Capital S.A.S. bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,124 shares of the company's stock, valued at approximately $249,000.

Several other institutional investors also recently modified their holdings of VST. Paloma Partners Management Co lifted its holdings in Vistra by 1.0% during the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after purchasing an additional 81 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after purchasing an additional 98 shares during the period. Dynasty Wealth Management LLC lifted its stake in shares of Vistra by 4.9% during the 1st quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after buying an additional 105 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in shares of Vistra by 1.1% during the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after buying an additional 106 shares during the period. Finally, EP Wealth Advisors LLC grew its stake in 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 last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In other news, EVP Scott A. Hudson sold 56,000 shares of the company's stock in a transaction that occurred on 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 owned 306,600 shares of the company's stock, valued at approximately $48,136,200. This represents a 15.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John R. Sult sold 25,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director owned 75,946 shares in the company, valued at $13,037,649.82. This represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 294,000 shares of company stock worth $47,461,490. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Performance

VST opened at $192.30 on Friday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $207.12. The firm has a market cap of $65.25 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 2.32 and a beta of 1.26. The business's fifty day moving average is $179.50 and its 200-day moving average is $153.89.

Vistra Increases Dividend

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

Analyst Ratings Changes

VST has been the topic of several research analyst reports. UBS Group increased their price target on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday. The Goldman Sachs Group lifted their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. 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, Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $178.69.

About Vistra

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.

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