Nisa Investment Advisors LLC Lowers Stock Position in Vistra Corp. (NYSE:VST)

Nisa Investment Advisors LLC lessened its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 53.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,922 shares of the company's stock after selling 50,578 shares during the quarter. Nisa Investment Advisors LLC's holdings in Vistra were worth $5,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its stake in Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after acquiring an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Vistra in the first quarter worth $341,000. Dynamic Advisor Solutions LLC purchased a new stake in Vistra in the first quarter worth $432,000. Wealthcare Advisory Partners LLC lifted its stake in Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock worth $230,000 after acquiring an additional 224 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in Vistra by 2,540.0% in the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after acquiring an additional 381 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VST. UBS Group increased their price objective on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Morgan Stanley increased their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. The Goldman Sachs Group increased their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.

Vistra Stock Performance

NYSE VST traded up $0.70 during trading hours on Friday, hitting $196.48. The company's stock had a trading volume of 3,712,766 shares, compared to its average volume of 7,167,814. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $200.25. The company's 50 day simple moving average is $170.58 and its two-hundred day simple moving average is $150.93. The company has a market cap of $66.67 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 2.30 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.46%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 14.15%.

Insider Buying and Selling

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the transaction, the executive vice president directly owned 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the transaction, the director directly owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock worth $47,461,490 in the last three months. 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.