Vistra Corp. (NYSE:VST) Shares Purchased by Oak Thistle LLC

Oak Thistle LLC increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 168.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,829 shares of the company's stock after purchasing an additional 3,654 shares during the quarter. Oak Thistle LLC's holdings in Vistra were worth $685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Vistra in the fourth quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA increased its stake in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares during the last quarter. Capital International Investors purchased a new position in Vistra during the fourth quarter worth about $286,414,000. Palidye Holdings Caymans Ltd acquired a new stake in shares of Vistra in the fourth quarter valued at $149,451,000. Finally, D1 Capital Partners L.P. purchased a new position in shares of Vistra in the fourth quarter valued at approximately $92,649,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Down 2.0%

NYSE:VST traded down $3.94 during mid-day trading on Friday, hitting $192.30. The company had a trading volume of 5,488,114 shares, compared to its average volume of 4,904,095. The business has a fifty day simple moving average of $179.50 and a 200-day simple moving average of $153.89. The firm has a market capitalization of $65.25 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 2.32 and a beta of 1.26. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $207.12. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were issued a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 14.15%.

Insider Activity

In related news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction on Friday, June 6th. The shares were 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 directly owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott B. Helm sold 50,000 shares of the business's 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 completion of the transaction, the director owned 255,192 shares in the company, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock worth $47,461,490 in the last ninety days. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley upped their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group boosted 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. Finally, UBS Group boosted their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday. Three 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's stock. According to data from MarketBeat.com, Vistra presently has a consensus rating of "Moderate Buy" and a consensus target price 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.