Oppenheimer & Co. Inc. Raises Stock Holdings in Vistra Corp. (NYSE:VST)

Oppenheimer & Co. Inc. lifted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 31.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,521 shares of the company's stock after acquiring an additional 29,537 shares during the period. Oppenheimer & Co. Inc.'s holdings in Vistra were worth $14,506,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp raised its holdings 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 last quarter. Kingswood Wealth Advisors LLC purchased a new stake in Vistra during the 1st quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC purchased a new stake in Vistra during the 1st quarter valued at approximately $432,000. Wealthcare Advisory Partners LLC grew its stake in shares of Vistra by 12.9% in 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 last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Vistra by 186.6% in the fourth quarter. Meeder Asset Management Inc. now owns 44,487 shares of the company's stock valued at $6,133,000 after purchasing an additional 28,967 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VST shares. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target for the company. The Goldman Sachs Group lifted their price objective on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the transaction, the director now directly owns 255,192 shares in the company, valued at approximately $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction that occurred 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 transaction, the director now directly owns 75,946 shares in the company, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,000 shares of company stock worth $47,461,490. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Up 2.2%

Shares of Vistra stock opened at $185.14 on Monday. 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 business has a 50 day moving average price of $149.84 and a 200 day moving average price of $146.04. The company has a market capitalization of $62.82 billion, a P/E ratio of 29.11, a P/E/G ratio of 2.25 and a beta of 1.22. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 14.15%.

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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