Vistra Corp. (NYSE:VST) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC reduced its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,152 shares of the company's stock after selling 15,632 shares during the quarter. Pallas Capital Advisors LLC's holdings in Vistra were worth $5,890,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in Vistra during the fourth quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares in the last quarter. Capital International Investors purchased a new stake in shares of Vistra during the 4th quarter worth approximately $286,414,000. Raymond James Financial Inc. acquired a new position in shares of Vistra in the 4th quarter valued at $237,441,000. Finally, Appaloosa LP boosted its holdings in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after buying an additional 1,429,612 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VST. The Goldman Sachs Group lifted their price target 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. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. UBS Group boosted their target price on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $178.00 price target (up previously from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $169.08.

Insider Transactions at Vistra

In related news, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the sale, the executive vice president now directly owns 218,239 shares in the company, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John R. Sult sold 25,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the transaction, the director now owns 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 sold 294,000 shares of company stock valued at $47,461,490 over the last 90 days. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Up 1.8%

VST traded up $2.96 on Wednesday, reaching $167.61. 2,317,858 shares of the company's stock were exchanged, compared to its average volume of 7,352,914. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The company's 50 day moving average is $138.77 and its 200-day moving average is $145.02. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market cap of $56.88 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.54%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 14.15%.

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.