TCW Group Inc. Has $19.07 Million Stake in Vistra Corp. (NYSE:VST)

Key Points

• TCW Group Inc. increased its stake in Vistra Corp. by 59.5%, acquiring an additional 60,590 shares during the first quarter, raising its total holdings to 162,339 shares valued at approximately $19.1 million.
• Vistra's executive vice president, Carrie Lee Kirby, sold 108,000 shares of the company's stock, resulting in a 33.1% decrease in her ownership after the transaction.
• Vistra recently declared a quarterly dividend of $0.225 per share, marking an increase from the previous quarter's $0.22 and reflecting an annualized yield of 0.47%.

TCW Group Inc. lifted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 59.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,339 shares of the company's stock after purchasing an additional 60,590 shares during the quarter. TCW Group Inc.'s holdings in Vistra were worth $19,065,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Paloma Partners Management Co increased its stake in shares of Vistra by 1.0% during the fourth 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. increased its stake in shares of Vistra by 1.6% during the fourth 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. Dynasty Wealth Management LLC increased its stake in shares of Vistra by 4.9% during the first quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company's stock worth $266,000 after buying an additional 105 shares during the period. IHT Wealth Management LLC increased its stake in shares of Vistra by 1.1% during the fourth 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. Finally, EP Wealth Advisors LLC increased its stake in shares of Vistra by 1.6% during the fourth 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. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling

In related news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the transaction, the executive vice president directly owned 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the transaction, the director directly owned 255,192 shares in the company, valued at $44,084,418. This represents a 16.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock valued at $47,461,490 in the last three months. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on VST shares. Morgan Stanley increased their price target 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. Raymond James Financial initiated 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 on the stock. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. UBS Group raised their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday. Finally, The Goldman Sachs Group raised their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. 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.com, Vistra currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.69.

Vistra Stock Up 2.0%

Shares of VST stock traded up $3.89 during mid-day trading on Monday, reaching $196.09. 3,206,906 shares of the company were exchanged, compared to its average volume of 4,733,517. The business's 50 day simple moving average is $179.50 and its 200 day simple moving average is $153.79. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $207.12. The company has a market capitalization of $66.54 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.27 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 14.15%.

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.