New Age Alpha Advisors LLC Trims Stock Holdings in Vistra Corp. (NYSE:VST)

Key Points

• New Age Alpha Advisors LLC reduced its holdings in Vistra Corp. by 31.3%, owning 10,303 shares valued at approximately $1.21 million after selling 4,697 shares in the first quarter.
• In a significant insider transaction, Director John R. Sult sold 25,000 shares for about $4.29 million, while Director Scott B. Helm sold 50,000 shares for approximately $8.64 million, both resulting in notable decreases in their respective positions.
• Vistra recently announced a quarterly dividend of $0.226 per share, an increase from the previous quarter's dividend, with the ex-dividend date set for September 19th.

New Age Alpha Advisors LLC trimmed its holdings in Vistra Corp. (NYSE:VST - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,303 shares of the company's stock after selling 4,697 shares during the quarter. New Age Alpha Advisors LLC's holdings in Vistra were worth $1,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of VST. HM Payson & Co. increased its holdings in 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 period. Ameriflex Group Inc. purchased a new position in Vistra during the 4th quarter worth $32,000. Opal Wealth Advisors LLC purchased a new position in Vistra during the 1st quarter worth $46,000. Golden State Wealth Management LLC increased its holdings in Vistra by 2,540.0% during the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after purchasing an additional 381 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its holdings in Vistra by 53.9% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 431 shares of the company's stock worth $51,000 after purchasing an additional 151 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other Vistra news, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction dated 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 completion of the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the sale, the director directly owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Over 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 corporate insiders.

Vistra Stock Up 2.3%

Vistra stock opened at $205.39 on Friday. 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 $69.69 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 2.44 and a beta of 1.30. Vistra Corp. has a 1-year low of $72.90 and a 1-year high of $216.85. The business has a fifty day moving average price of $187.98 and a 200-day moving average price of $156.24.

Vistra Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on VST shares. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley lifted their price target on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. The Goldman Sachs Group lifted their price target on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. Finally, UBS Group lifted their price target on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus price target of $178.69.

Vistra Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.