Quaero Capital S.A. Acquires Shares of 2,500 Vistra Corp. (NYSE:VST)

Quaero Capital S.A. acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,500 shares of the company's stock, valued at approximately $294,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. PDS Planning Inc acquired a new position in Vistra during the first quarter worth $202,000. KPP Advisory Services LLC lifted its position in Vistra by 15.8% during the 1st quarter. KPP Advisory Services LLC now owns 2,432 shares of the company's stock worth $286,000 after buying an additional 332 shares in the last quarter. Aspetuck Financial Management LLC acquired a new position in shares of Vistra during the 1st quarter worth about $529,000. Wealth Effects LLC boosted its stake in shares of Vistra by 11.9% during the 1st quarter. Wealth Effects LLC now owns 5,636 shares of the company's stock worth $662,000 after buying an additional 601 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after acquiring an additional 381 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 up $4.98 during mid-day trading on Friday, reaching $195.38. 8,887,881 shares of the company were exchanged, compared to its average volume of 7,228,575. The stock has a market capitalization of $66.30 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.19 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. The company's 50-day simple moving average is $155.64 and its 200-day simple moving average is $147.07. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.46%. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of Vistra 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 owns 325,192 shares of the company's stock, valued at approximately $50,990,105.60. This trade represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the transaction, the executive vice president now directly owns 88,073 shares in the company, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock worth $47,461,490 over the last quarter. Company insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. UBS Group increased 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. Evercore ISI set a $192.00 target price on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Daiwa Capital Markets assumed coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. Finally, Raymond James Financial assumed coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Three 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 stock. According to data from MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

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.