Oppenheimer Asset Management Inc. Has $891,000 Position in Vistra Corp. (NYSE:VST)

Oppenheimer Asset Management Inc. boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 55.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,588 shares of the company's stock after purchasing an additional 2,721 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Vistra were worth $891,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VST. Jones Financial Companies Lllp increased its stake in shares of Vistra by 355.8% in the fourth quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company's stock valued at $883,000 after buying an additional 5,002 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in Vistra during the 1st quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC acquired a new stake in Vistra during the 1st quarter valued at approximately $432,000. Wealthcare Advisory Partners LLC increased 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 valued at $230,000 after purchasing an additional 224 shares during the period. Finally, Meeder Asset Management Inc. increased its position in shares of Vistra by 186.6% during the fourth quarter. Meeder Asset Management Inc. now owns 44,487 shares of the company's stock worth $6,133,000 after buying an additional 28,967 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

Shares of NYSE VST opened at $195.38 on Friday. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company's 50-day moving average is $157.24 and its 200 day moving average is $147.45. 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 $66.30 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.30 and a beta of 1.22.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.46%. Vistra's payout ratio is 14.15%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VST shares. Raymond James Financial started coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective for the company. Daiwa America upgraded Vistra to a "hold" rating in a report on Wednesday, March 5th. The Goldman Sachs Group increased their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. 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 stock. According to MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

Insider Activity

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the sale, the executive vice president now owns 218,239 shares in the company, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the sale, the director now owns 325,192 shares in the company, valued at $50,990,105.60. This represents a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 over the last ninety days. Corporate insiders own 1.42% of the company's stock.

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.

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