Vistra Corp. (NYSE:VST) Shares Purchased by Scotia Capital Inc.

Key Points

• Scotia Capital Inc. increased its holdings in Vistra Corp. by 21.1%, owning 19,217 shares valued at approximately $2.26 million as of the most recent filing.
• Vistra Corp. announced a quarterly dividend increase to $0.226, representing a boost from the previous quarterly dividend of $0.23, with a dividend yield of 0.4%.
• Major analysts have upgraded Vistra's target price, with UBS Group setting it at $230.00 and Raymond James Financial giving it a strong-buy rating with a target of $216.00.

Scotia Capital Inc. increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 21.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,217 shares of the company's stock after purchasing an additional 3,348 shares during the quarter. Scotia Capital Inc.'s holdings in Vistra were worth $2,257,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Paloma Partners Management Co increased its position in Vistra by 1.0% during the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after purchasing an additional 81 shares in the last quarter. Cordatus Wealth Management LLC increased its position in Vistra by 2.0% during the 1st quarter. Cordatus Wealth Management LLC now owns 4,198 shares of the company's stock worth $493,000 after purchasing an additional 83 shares in the last quarter. Sunbelt Securities Inc. increased its position in Vistra by 1.6% during the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after purchasing an additional 98 shares in the last quarter. Dynasty Wealth Management LLC increased its position in Vistra by 4.9% during the 1st quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after purchasing an additional 105 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in Vistra by 1.1% during the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In related news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the transaction, the director directly owned 75,946 shares in the company, valued at $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction on 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 transaction, the executive vice president owned 88,073 shares in the company, valued at $14,218,505.12. This trade represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Raymond James Financial started coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Jefferies Financial Group set a $241.00 price objective on shares of Vistra and gave the company a "buy" rating in a research report on Friday. Morgan Stanley increased their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. UBS Group increased their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.69.

Vistra Stock Down 1.6%

Shares of Vistra stock traded down $3.24 on Friday, hitting $202.35. 4,060,980 shares of the company's stock traded hands, compared to its average volume of 5,319,267. The stock has a market cap of $68.66 billion, a P/E ratio of 31.82, a PEG ratio of 2.50 and a beta of 1.30. 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 firm's 50-day moving average is $188.82 and its 200 day moving average is $156.36. Vistra Corp. has a 52-week low of $72.90 and a 52-week high of $216.85.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra's dividend payout ratio (DPR) is currently 14.15%.

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.