Vistra Corp. (NYSE:VST) Position Increased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 48.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,140 shares of the company's stock after purchasing an additional 2,643 shares during the period. SBI Securities Co. Ltd.'s holdings in Vistra were worth $956,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VST. Geode Capital Management LLC boosted its holdings in Vistra by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after acquiring an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the period. Northern Trust Corp lifted its stake in shares of Vistra by 10.9% in the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock valued at $417,261,000 after purchasing an additional 296,714 shares in the last quarter. Norges Bank purchased a new stake in shares of Vistra during the 4th quarter worth about $409,087,000. Finally, Castle Hook Partners LP increased its position in Vistra by 13.6% during the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after purchasing an additional 353,949 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent research reports. Raymond James Financial assumed coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. 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. The Goldman Sachs Group lifted their target price on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Morgan Stanley increased their price target on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $176.92.

Vistra Stock Down 3.8%

Shares of NYSE:VST traded down $7.21 during trading on Wednesday, hitting $184.16. The company's stock had a trading volume of 6,596,931 shares, compared to its average volume of 7,152,789. The company has a market capitalization of $62.49 billion, a PE ratio of 28.96, a PEG ratio of 2.29 and a beta of 1.26. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $200.25. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. The stock's 50-day moving average price is $172.61 and its two-hundred day moving average price is $151.70.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.49%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's dividend payout ratio is 14.15%.

Insider Activity

In related news, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the sale, the executive vice president directly owned 88,073 shares of the company's stock, valued at $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president owned 218,239 shares in the company, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. 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 ninety days. Insiders own 1.42% of the company's stock.

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.