Stephens Investment Management Group LLC Grows Stake in Vistra Corp. (NYSE:VST)

Stephens Investment Management Group LLC grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 28.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 117,192 shares of the company's stock after buying an additional 25,966 shares during the quarter. Stephens Investment Management Group LLC's holdings in Vistra were worth $13,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Paloma Partners Management Co lifted its holdings in Vistra by 1.0% in the 4th quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after buying an additional 81 shares during the period. Sunbelt Securities Inc. lifted its holdings in Vistra by 1.6% in the 4th quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company's stock worth $898,000 after buying an additional 98 shares during the period. IHT Wealth Management LLC lifted its holdings in Vistra by 1.1% in the 4th quarter. IHT Wealth Management LLC now owns 9,579 shares of the company's stock worth $1,321,000 after buying an additional 106 shares during the period. EP Wealth Advisors LLC lifted its holdings in Vistra by 1.6% in the 4th quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock worth $1,100,000 after buying an additional 125 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its holdings in Vistra by 4.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,391 shares of the company's stock worth $398,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. UBS Group raised their target price on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley raised their target price on 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. lowered their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus price target of $176.92.

Insider Activity at Vistra

In other Vistra news, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the sale, the executive vice president directly owned 218,239 shares of the company's stock, 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. Insiders have sold 294,000 shares of company stock worth $47,461,490 over the last quarter. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Up 0.4%

VST stock opened at $196.48 on Monday. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $200.25. 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 has a market cap of $66.67 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.26. The business has a 50 day moving average of $170.58 and a 200 day moving average of $151.03.

Vistra Increases Dividend

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

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