Penserra Capital Management LLC Purchases 5,304 Shares of Vistra Corp. (NYSE:VST)

Penserra Capital Management LLC boosted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 594.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,196 shares of the company's stock after acquiring an additional 5,304 shares during the quarter. Penserra Capital Management LLC's holdings in Vistra were worth $727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Paloma Partners Management Co increased its position in 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 in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Vistra by 1.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock valued at $898,000 after buying an additional 98 shares during the period. IHT Wealth Management LLC raised its position in shares of Vistra by 1.1% during the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after acquiring an additional 106 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Vistra by 1.6% during the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after acquiring an additional 125 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in Vistra by 4.0% in the first quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock valued at $398,000 after acquiring an additional 130 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

VST has been the subject of several recent research reports. The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Morgan Stanley upped their target price on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, UBS Group upped their price objective on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $176.92.

Vistra Stock Up 0.4%

Shares of VST traded up $0.70 on Friday, hitting $196.48. The company's stock had a trading volume of 3,712,766 shares, compared to its average volume of 7,167,814. The firm's fifty day moving average price is $169.44 and its 200-day moving average price is $150.57. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $200.25. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The firm has a market capitalization of $66.67 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 2.32 and a beta of 1.26.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a $0.225 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, June 18th. Vistra's payout ratio is currently 14.15%.

Insider Transactions at Vistra

In other news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 completion of the sale, the executive vice president 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. In the last 90 days, insiders sold 294,000 shares of company stock worth $47,461,490. Company 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.