Meeder Advisory Services Inc. Boosts Holdings in Vistra Corp. (NYSE:VST)

Meeder Advisory Services Inc. lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 28.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,102 shares of the company's stock after purchasing an additional 1,337 shares during the period. Meeder Advisory Services Inc.'s holdings in Vistra were worth $717,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. HM Payson & Co. raised its stake in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Vistra in the 4th quarter worth approximately $32,000. Opal Wealth Advisors LLC acquired a new position in shares of Vistra during the 1st quarter valued at $46,000. Golden State Wealth Management LLC lifted its position in shares of Vistra by 2,540.0% during the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after acquiring an additional 381 shares during the period. Finally, Compagnie Lombard Odier SCmA raised its holdings in Vistra by 53.9% during the first quarter. Compagnie Lombard Odier SCmA now owns 431 shares of the company's stock worth $51,000 after buying an additional 151 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of NYSE:VST traded down $0.48 on Friday, reaching $208.06. 5,735,168 shares of the company's stock were exchanged, compared to its average volume of 4,789,888. The company has a fifty day moving average of $184.27 and a 200-day moving average of $155.24. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $213.05. The company has a market capitalization of $70.60 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.54 and a beta of 1.30. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. The ex-dividend date of this dividend is Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's payout ratio is 14.15%.

Analysts Set New Price Targets

Several equities research analysts have commented on VST shares. Raymond James Financial started coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. UBS Group upped their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. 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. The Goldman Sachs Group upped their price objective on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Morgan Stanley upped their price objective on shares of 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $178.69.

Insider Activity

In other Vistra news, Director Scott B. Helm sold 50,000 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the sale, the director directly owned 255,192 shares in the company, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the transaction, the executive vice president directly owned 88,073 shares in the company, valued at $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by company 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.