OVERSEA CHINESE BANKING Corp Ltd Invests $382,000 in Vistra Corp. (NYSE:VST)

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,252 shares of the company's stock, valued at approximately $382,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in shares of Vistra by 1.9% during the 1st 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 bought a new position in shares of Vistra during the 1st quarter worth about $341,000. Dynamic Advisor Solutions LLC bought a new position in shares of Vistra during the 1st quarter worth about $432,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Vistra by 12.9% during the 1st 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, Envestnet Asset Management Inc. increased its position in shares of Vistra by 29.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after purchasing an additional 57,551 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. The trade was a 28.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. 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 90 days. Insiders own 1.42% of the company's stock.

Vistra Trading Down 1.6%

VST opened at $191.61 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The stock has a market capitalization of $65.02 billion, a PE ratio of 30.13, a PEG ratio of 2.29 and a beta of 1.26. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $200.25. The firm has a 50-day moving average price of $172.61 and a two-hundred day moving average price of $151.70.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were given 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 was Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.47%. Vistra's payout ratio is currently 14.15%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Morgan Stanley increased their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group increased their target price on shares of 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 increased their target price on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.92.

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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