Vistra Corp. (NYSE:VST) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lessened its holdings in Vistra Corp. (NYSE:VST - Free Report) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,876 shares of the company's stock after selling 16,739 shares during the period. QRG Capital Management Inc.'s holdings in Vistra were worth $16,310,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mason & Associates Inc purchased a new stake in shares of Vistra during the 1st quarter valued at about $493,000. Sowell Financial Services LLC bought a new stake in Vistra during the first quarter worth approximately $804,000. Janney Montgomery Scott LLC raised its position in Vistra by 13.5% during the first quarter. Janney Montgomery Scott LLC now owns 198,367 shares of the company's stock valued at $23,296,000 after purchasing an additional 23,569 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in Vistra during the first quarter valued at approximately $991,000. Finally, Warther Private Wealth LLC bought a new stake in shares of Vistra in the 1st quarter valued at approximately $13,393,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VST. UBS Group boosted their target price on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price 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. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, Raymond James began coverage on shares of Vistra in a research note on Friday. They issued a "strong-buy" rating and a $216.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.31.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 325,192 shares in the company, valued at $50,990,105.60. This represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the transaction, the executive vice president now owns 218,239 shares in the company, 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 quarter, insiders sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Stock Up 0.3%

Shares of VST stock traded up $0.60 on Tuesday, hitting $177.80. The stock had a trading volume of 4,164,292 shares, compared to its average volume of 7,314,154. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The business has a 50 day moving average price of $144.52 and a 200 day moving average price of $145.37. The company has a market cap of $60.33 billion, a PE ratio of 33.17, a P/E/G ratio of 1.12 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 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.