Phoenix Financial Ltd. Has $26.05 Million Position in Vistra Corp. (NYSE:VST)

Key Points

• Phoenix Financial Ltd. significantly increased its stake in Vistra Corp. by 777.2% in the first quarter, acquiring a total of 221,784 shares now valued at approximately $26.05 million.
• Company insiders, including Director John R. Sult and EVP Scott A. Hudson, sold significant shares of Vistra stock, with total sales exceeding $47 million in the past 90 days.
• Vistra recently raised its quarterly dividend to $0.225, enhancing the total annualized dividend to $0.90, marking a yield of 0.46%.

Phoenix Financial Ltd. grew its position in Vistra Corp. (NYSE:VST - Free Report) by 777.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,784 shares of the company's stock after purchasing an additional 196,502 shares during the period. Phoenix Financial Ltd. owned about 0.07% of Vistra worth $26,046,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VST. HM Payson & Co. raised its holdings in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after acquiring an additional 168 shares during the period. Tucker Asset Management LLC acquired a new stake in shares of Vistra during the fourth quarter worth $28,000. Ameriflex Group Inc. acquired a new stake in shares of Vistra during the fourth quarter worth $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Vistra during the first quarter worth $46,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Vistra by 2,540.0% during the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after acquiring an additional 381 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the transaction, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 306,600 shares of the company's stock, valued at $48,136,200. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock worth $47,461,490 over the last 90 days. Insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of Vistra stock opened at $196.27 on Friday. The company has a 50 day moving average of $178.79 and a 200-day moving average of $153.69. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $207.12. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The company has a market cap of $66.60 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.37 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 paid a $0.225 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.46%. Vistra's dividend payout ratio is presently 14.15%.

Analysts Set New Price Targets

A number of brokerages recently commented on VST. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. UBS Group raised their target price on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. JPMorgan Chase & Co. decreased their target price 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 target price 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. Finally, Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price for the company. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Vistra presently has an average rating of "Moderate Buy" and an average price target 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.

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