OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,252 shares of the company's stock, valued at approximately $382,000.
Several other institutional investors and hedge funds also recently modified their holdings of VST. HM Payson & Co. increased its stake in shares of 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 in the last quarter. Ameriflex Group Inc. purchased a new stake in Vistra in the 4th quarter valued at approximately $32,000. Opal Wealth Advisors LLC acquired a new stake in Vistra during the 1st quarter valued at $46,000. Golden State Wealth Management LLC increased its position in Vistra by 2,540.0% during the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after buying an additional 381 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its position in Vistra by 53.9% during the first quarter. Compagnie Lombard Odier SCmA now owns 431 shares of the company's stock worth $51,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.
Insiders Place Their Bets
In related news, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the transaction, the executive vice president owned 306,600 shares in the company, valued at approximately $48,136,200. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the sale, the executive vice president directly owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 294,000 shares of company stock worth $47,461,490. Corporate insiders own 1.42% of the company's stock.
Vistra Price Performance
Vistra stock opened at $208.06 on Monday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. The company has a market cap of $70.60 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.53 and a beta of 1.30. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $213.05. The firm has a 50 day moving average price of $184.27 and a 200 day moving average price of $155.02.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 14.15%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on VST. The Goldman Sachs Group upped their price objective on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley boosted their target price on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a report on Friday, July 25th. Raymond James Financial initiated coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target for the company. Finally, Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Three equities research 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 stock. Based on data from MarketBeat, Vistra has an average rating of "Moderate Buy" and an average price target of $178.69.
View Our Latest Stock Report on Vistra
About Vistra
(
Free Report)
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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