Madison Asset Management LLC Purchases Shares of 2,000 Vistra Corp. (NYSE:VST)

Madison Asset Management LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,000 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors have also recently made changes to their positions in VST. Norges Bank acquired a new stake in Vistra during the 4th quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA boosted its holdings in Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares during the period. Capital International Investors acquired a new position in Vistra during the 4th quarter worth $286,414,000. Palidye Holdings Caymans Ltd acquired a new stake in Vistra in the 4th quarter valued at about $149,451,000. Finally, D1 Capital Partners L.P. purchased a new position in shares of Vistra in the 4th quarter valued at about $92,649,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Price Performance

Shares of NYSE VST traded down $3.94 during trading on Friday, hitting $192.30. 5,488,114 shares of the company were exchanged, compared to its average volume of 4,904,095. The firm's fifty day moving average price is $179.50 and its 200 day moving average price is $153.89. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The company has a market cap of $65.25 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 2.32 and a beta of 1.26. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $207.12.

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 was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 14.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. Raymond James Financial assumed coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. 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. Finally, Morgan Stanley increased their price objective on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. 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. Based on data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and an average target price of $178.69.

Insider Buying and Selling

In related news, 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 transaction 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. The trade was a 24.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the 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 sale, the executive vice president owned 218,239 shares in the company, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by company insiders.

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.