Patton Fund Management Inc. Reduces Position in Vistra Corp. (NYSE:VST)

Patton Fund Management Inc. cut its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 22.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,720 shares of the company's stock after selling 6,126 shares during the period. Patton Fund Management Inc.'s holdings in Vistra were worth $2,433,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Vistra by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after buying an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after buying an additional 2,433,732 shares during the last quarter. Northern Trust Corp boosted its position in shares of Vistra by 10.9% during the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock valued at $417,261,000 after buying an additional 296,714 shares during the last quarter. Norges Bank purchased a new position in Vistra in the fourth quarter worth about $409,087,000. Finally, Castle Hook Partners LP boosted its position in Vistra by 13.6% in the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after purchasing an additional 353,949 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on VST shares. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. UBS Group raised their target price on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Raymond James started coverage on Vistra in a research report on Friday. They issued a "strong-buy" rating and a $216.00 target price on the stock. Finally, Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $172.69.

Insider Activity at Vistra

In related news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction that occurred on 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 owns 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.80, for a total value of $3,136,000.00. Following the sale, the director now directly owns 325,192 shares in the company, valued at $50,990,105.60. This trade represents a 5.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by company insiders.

Vistra Stock Up 2.0%

VST stock opened at $177.31 on Tuesday. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market cap of $60.17 billion, a P/E ratio of 33.08, a PEG ratio of 1.12 and a beta of 1.22. The business's 50-day moving average price is $144.52 and its 200-day moving average price is $145.37.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 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.

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