Vistra Corp. (NYSE:VST) Shares Bought by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 564.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,721 shares of the company's stock after purchasing an additional 11,657 shares during the quarter. Peregrine Asset Advisers Inc.'s holdings in Vistra were worth $1,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Paloma Partners Management Co grew its stake in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after buying an additional 81 shares in the last quarter. Sunbelt Securities Inc. grew its position in 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 acquiring an additional 98 shares in the last quarter. Dynasty Wealth Management LLC grew its holdings in shares of Vistra by 4.9% in the first quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock valued at $266,000 after purchasing an additional 105 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of Vistra by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock valued at $1,321,000 after purchasing an additional 106 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of Vistra by 1.6% in the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after purchasing an additional 125 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of NYSE VST traded down $1.77 during trading hours on Thursday, reaching $198.35. The stock had a trading volume of 2,200,291 shares, compared to its average volume of 7,443,043. The firm has a market cap of $67.31 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 2.23 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.77 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 $207.12. The firm has a 50-day moving average of $177.90 and a 200-day moving average of $153.47.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were issued a $0.225 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's dividend payout ratio is presently 14.15%.

Insiders Place Their Bets

In other news, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the completion of the sale, the executive vice president directly owned 306,600 shares of the company's stock, valued at approximately $48,136,200. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the 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 owned 218,239 shares of the company's stock, valued at $34,259,158.22. This trade represents a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on VST. UBS Group boosted their price target on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Morgan Stanley boosted their price objective on 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 price target on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group boosted their target price 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, JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $176.92.

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.