Mutual Advisors LLC Lowers Holdings in Vistra Corp. (NYSE:VST)

Mutual Advisors LLC trimmed its holdings in Vistra Corp. (NYSE:VST - Free Report) by 82.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,945 shares of the company's stock after selling 18,526 shares during the period. Mutual Advisors LLC's holdings in Vistra were worth $500,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in Vistra during the fourth quarter worth $28,000. Ameriflex Group Inc. purchased a new position in shares of Vistra during the fourth quarter worth $32,000. Whittier Trust Co. boosted its position in shares of Vistra by 1,611.8% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after buying an additional 274 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Vistra during the first quarter worth $46,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Vistra by 2,540.0% during the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after buying an additional 381 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In other news, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the sale, the executive vice president owned 306,600 shares in the company, valued at approximately $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. This trade represents 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 valued at $47,461,490. 1.42% of the stock is owned by insiders.

Vistra Stock Up 0.8%

Vistra stock opened at $193.73 on Tuesday. The stock's fifty day moving average is $165.70 and its two-hundred day moving average is $149.58. 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 Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The stock has a market cap of $65.74 billion, a PE ratio of 30.46, a P/E/G ratio of 2.26 and a beta of 1.26.

Vistra Increases Dividend

The company also recently announced 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. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 14.15%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley raised their price target on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lowered their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Raymond James Financial started coverage on Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. 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. According to MarketBeat, Vistra currently has an average rating of "Moderate Buy" and an average price target 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.

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