Rafferty Asset Management LLC Sells 2,399 Shares of Vistra Corp. (NYSE:VST)

Rafferty Asset Management LLC reduced its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,455 shares of the company's stock after selling 2,399 shares during the quarter. Rafferty Asset Management LLC's holdings in Vistra were worth $5,578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Recurrent Investment Advisors LLC acquired a new stake in shares of Vistra during the 4th quarter worth about $484,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Vistra during the fourth quarter worth approximately $2,707,000. Point72 Hong Kong Ltd acquired a new stake in Vistra during the fourth quarter worth approximately $7,028,000. PointState Capital LP grew its position in shares of Vistra by 176.7% in the fourth quarter. PointState Capital LP now owns 929,533 shares of the company's stock valued at $128,155,000 after purchasing an additional 593,585 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Vistra by 12.9% in the fourth quarter. ProShare Advisors LLC now owns 51,559 shares of the company's stock valued at $7,108,000 after purchasing an additional 5,910 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

Shares of VST traded down $0.72 during mid-day trading on Tuesday, reaching $156.60. The company had a trading volume of 3,421,781 shares, compared to its average volume of 7,551,562. The company's 50 day simple moving average is $126.90 and its 200 day simple moving average is $142.73. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market capitalization of $53.14 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 14.15%.

Insider Activity

In related news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VST has been the topic of several research reports. The Goldman Sachs Group initiated coverage on Vistra in a research report on Friday, April 4th. They issued a "neutral" rating and a $134.00 target price on the stock. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group raised their price target on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. BMO Capital Markets raised their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Vistra has an average rating of "Moderate Buy" and a consensus price target of $165.83.

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.