Pacer Advisors Inc. Has $2.77 Million Stock Position in Vistra Corp. (NYSE:VST)

Key Points

• Pacer Advisors Inc. reduced its holdings in Vistra Corp. by 16.5%, owning 23,623 shares after selling 4,666 shares during the first quarter, valued at approximately $2.77 million.
• Several institutional investors have increased their shares in Vistra, with HM Payson & Co. growing its holdings by 275.4% and Golden State Wealth Management expanding its position by a remarkable 2,540.0%.
• Vistra recently announced a quarterly dividend increase to $0.225 per share, up from the previous $0.22, representing an annualized yield of 0.45%.

Pacer Advisors Inc. lowered its holdings in Vistra Corp. (NYSE:VST - Free Report) by 16.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,623 shares of the company's stock after selling 4,666 shares during the period. Pacer Advisors Inc.'s holdings in Vistra were worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Paloma Partners Management Co grew its position in shares of Vistra by 1.0% in the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after acquiring an additional 81 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after buying an additional 98 shares during the period. Dynasty Wealth Management LLC boosted its holdings in shares of Vistra by 4.9% during the 1st quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after buying an additional 105 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of Vistra by 1.1% during the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after buying an additional 106 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Vistra by 1.6% during the 4th quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock worth $1,100,000 after buying an additional 125 shares during the period. Institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. UBS Group lifted their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. The Goldman Sachs Group lifted their price objective on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Raymond James Financial began coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.69.

Vistra Price Performance

Shares of NYSE:VST traded down $0.48 during midday trading on Friday, hitting $208.06. The stock had a trading volume of 5,734,743 shares, compared to its average volume of 7,362,026. The company's 50-day moving average price is $183.29 and its 200-day moving average price is $154.98. The company has a market capitalization of $70.60 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 2.52 and a beta of 1.26. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $213.05.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a dividend of $0.226 per share. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's payout ratio is presently 14.15%.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the sale, the director directly owned 255,192 shares of the company's stock, valued at approximately $44,084,418. The trade was a 16.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the sale, the executive vice president directly owned 306,600 shares in the company, valued at $48,136,200. This trade represents a 15.44% decrease in their ownership of the stock. 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. Insiders own 1.42% of the company's stock.

Vistra Company 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.