Petra Financial Advisors Inc. Sells 3,974 Shares of Vistra Corp. (NYSE:VST)

Petra Financial Advisors Inc. lowered its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 61.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,516 shares of the company's stock after selling 3,974 shares during the quarter. Petra Financial Advisors Inc.'s holdings in Vistra were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Rockline Wealth Management LLC acquired a new stake in shares of Vistra during the 1st quarter worth about $1,104,000. Advisor Resource Council acquired a new stake in Vistra in the 1st quarter valued at about $669,000. Spirit of America Management Corp NY increased its position in Vistra by 38.4% in the 1st quarter. Spirit of America Management Corp NY now owns 23,050 shares of the company's stock valued at $2,707,000 after acquiring an additional 6,400 shares in the last quarter. Alta Capital Management LLC acquired a new stake in Vistra in the 1st quarter valued at about $5,865,000. Finally, ORG Wealth Partners LLC acquired a new stake in Vistra in the 1st quarter valued at about $300,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Up 2.2%

Vistra stock traded up $4.01 during midday trading on Friday, hitting $185.14. 6,584,340 shares of the stock were exchanged, compared to its average volume of 7,255,992. The company has a fifty day simple moving average of $149.84 and a two-hundred day simple moving average of $146.04. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The stock has a market capitalization of $62.82 billion, a PE ratio of 29.11, a P/E/G ratio of 2.25 and a beta of 1.22. 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 Increases Dividend

The company also recently disclosed 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 is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.49%. Vistra's dividend payout ratio (DPR) is presently 14.15%.

Insider Buying and Selling

In related news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the transaction, the executive vice president now owns 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 transaction was disclosed in a legal filing 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 stock was sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the transaction, the director now directly owns 325,192 shares in the company, valued at $50,990,105.60. The trade was a 5.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock valued at $47,461,490 in the last 90 days. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group raised their price objective on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Morgan Stanley raised their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $176.92.

Vistra 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.