Vistra Corp. (NYSE:VST) Shares Sold by Meeder Asset Management Inc.

Key Points

• Meeder Asset Management Inc. reduced its holdings in Vistra Corp. by 51.7%, owning 21,469 shares valued at approximately $2.52 million at the end of the most recent quarter.
• Vistra recently increased its quarterly dividend from $0.22 to $0.225, amounting to an annualized yield of 0.46%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Vistra, with price targets ranging from $178.69 to $230.00.

Meeder Asset Management Inc. reduced its position in Vistra Corp. (NYSE:VST - Free Report) by 51.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,469 shares of the company's stock after selling 23,018 shares during the quarter. Meeder Asset Management Inc.'s holdings in Vistra were worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of VST. Amalgamated Bank increased its stake in Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after acquiring an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Vistra in the first quarter worth approximately $341,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra in the first quarter worth $432,000. Envestnet Asset Management Inc. grew its stake in shares of Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after purchasing an additional 57,551 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in Vistra by 12.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after purchasing an additional 224 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Trading Up 0.1%

Shares of NYSE:VST traded up $0.16 during trading on Friday, hitting $208.70. The company had a trading volume of 4,019,854 shares, compared to its average volume of 7,349,702. Vistra Corp. has a one year low of $66.50 and a one year high of $213.05. The company has a fifty day simple moving average of $183.29 and a two-hundred day simple moving average of $154.98. The stock has a market cap of $70.82 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio (DPR) is currently 14.15%.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares of the company's stock, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction that occurred on 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 owned 88,073 shares in the company, valued at $14,218,505.12. The trade was a 28.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. The Goldman Sachs Group increased their price objective 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. Raymond James Financial began coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective on the stock. UBS Group raised their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Morgan Stanley raised their price objective on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Three equities 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 MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $178.69.

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.