30,968 Shares in Vistra Corp. (NYSE:VST) Bought by Sitrin Capital Management LLC

Sitrin Capital Management LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 30,968 shares of the company's stock, valued at approximately $3,637,000.

A number of other hedge funds have also made changes to their positions in VST. Tucker Asset Management LLC acquired a new stake in Vistra in the 4th quarter valued at about $28,000. Ameriflex Group Inc. acquired a new stake in Vistra in the 4th quarter valued at about $32,000. Whittier Trust Co. increased its position in Vistra by 1,611.8% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after acquiring an additional 274 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Vistra in the 1st quarter valued at about $46,000. Finally, Golden State Wealth Management LLC increased its position in 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. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Up 2.4%

Vistra stock traded up $4.49 during midday trading on Friday, hitting $191.51. 3,342,447 shares of the stock were exchanged, compared to its average volume of 7,172,625. The company has a fifty day simple moving average of $163.12 and a two-hundred day simple moving average of $148.65. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The stock has a market capitalization of $64.98 billion, a PE ratio of 24.80, a P/E/G ratio of 2.26 and a beta of 1.26. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a $0.225 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.47%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is presently 14.15%.

Insider Transactions at Vistra

In other Vistra news, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the transaction, the executive vice president owned 306,600 shares of the company's stock, valued at approximately $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the transaction, the executive vice president directly owned 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VST has been the topic of several recent research reports. 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. UBS Group raised their target price on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price on the stock. Morgan Stanley raised their target price on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, 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. 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's stock. According to data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $176.92.

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.