M&T Bank Corp Purchases 5,247 Shares of Vistra Corp. (NYSE:VST)

M&T Bank Corp increased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 14.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 41,722 shares of the company's stock after purchasing an additional 5,247 shares during the period. M&T Bank Corp's holdings in Vistra were worth $4,900,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Amalgamated Bank increased its holdings in shares of Vistra by 1.9% in the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after purchasing an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Vistra in the first quarter worth approximately $341,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of Vistra during the 1st quarter valued at $432,000. Wealthcare Advisory Partners LLC grew 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 worth $230,000 after purchasing an additional 224 shares during the period. Finally, Golden State Wealth Management LLC grew 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. 90.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VST has been the subject of several research reports. UBS Group boosted their price target on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Raymond James Financial assumed coverage on shares of Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Morgan Stanley raised their price objective 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. Finally, The Goldman Sachs Group raised their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $176.92.

Insider Buying and Selling

In other Vistra news, Director John R. Sult sold 25,000 shares of the stock in a transaction 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 transaction, the director owned 75,946 shares of the company's stock, valued at $13,037,649.82. This represents a 24.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock valued at $47,461,490 over the last 90 days. 1.42% of the stock is currently owned by corporate insiders.

Vistra Stock Performance

Vistra stock traded down $1.73 during trading hours on Monday, hitting $194.86. 3,780,900 shares of the stock traded hands, compared to its average volume of 7,161,985. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $200.25. 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 stock has a market capitalization of $66.12 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 2.31 and a beta of 1.26. The firm's 50 day moving average price is $170.58 and its 200-day moving average price is $151.03.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is currently 14.15%.

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.