Massachusetts Financial Services Co. MA Reduces Stock Position in Vistra Corp. (NYSE:VST)

Massachusetts Financial Services Co. MA reduced its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,916,570 shares of the company's stock after selling 343,793 shares during the period. Massachusetts Financial Services Co. MA owned 1.74% of Vistra worth $694,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. HM Payson & Co. boosted its holdings in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Vistra during the 4th quarter worth approximately $28,000. Ameriflex Group Inc. acquired a new position in shares of Vistra during the 4th quarter worth approximately $32,000. Whittier Trust Co. boosted its holdings in shares of Vistra by 1,611.8% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after purchasing an additional 274 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Vistra during the 1st quarter worth approximately $46,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction dated 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 directly owned 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John R. Sult sold 25,000 shares of the stock in a transaction dated Friday, June 6th. The shares were 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 of the company's stock, valued at approximately $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. In the last ninety days, insiders have sold 294,000 shares of company stock valued at $47,461,490. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Performance

NYSE VST traded down $7.10 during trading hours on Wednesday, hitting $184.27. The company had a trading volume of 3,784,573 shares, compared to its average volume of 7,143,305. 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 1-year low of $66.50 and a 1-year high of $200.25. The company has a market cap of $62.53 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.26. The business has a 50 day moving average of $172.61 and a 200-day moving average of $151.70.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.49%. Vistra's dividend payout ratio is 14.15%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. reduced their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. The Goldman Sachs Group lifted their price target on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Raymond James Financial initiated coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Vistra has a consensus rating of "Moderate Buy" and an average target price of $176.92.

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.