Union Bancaire Privee UBP SA Sells 5,364 Shares of Vistra Corp. (NYSE:VST)

Union Bancaire Privee UBP SA reduced its stake in Vistra Corp. (NYSE:VST - Free Report) by 34.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 10,309 shares of the company's stock after selling 5,364 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Vistra were worth $1,136,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its stake in Vistra by 17.0% in the fourth quarter. Stephens Inc. AR now owns 4,765 shares of the company's stock valued at $657,000 after acquiring an additional 691 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Vistra by 10.7% in the 4th quarter. Savant Capital LLC now owns 4,058 shares of the company's stock worth $559,000 after purchasing an additional 393 shares during the period. Avidian Wealth Enterprises LLC bought a new stake in shares of Vistra in the 4th quarter worth approximately $227,000. Allspring Global Investments Holdings LLC lifted its stake in Vistra by 176.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 650,816 shares of the company's stock valued at $97,285,000 after purchasing an additional 415,618 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Vistra during the fourth quarter valued at $1,177,000. Institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on VST shares. The Goldman Sachs Group raised their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, 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. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $172.69.

Vistra Price Performance

Shares of VST traded down $0.19 during midday trading on Friday, hitting $173.68. 3,956,609 shares of the company traded hands, compared to its average volume of 7,324,950. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The firm has a market cap of $58.94 billion, a P/E ratio of 32.40, a PEG ratio of 1.12 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The stock has a 50-day moving average of $141.58 and a 200-day moving average of $145.30.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.52%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 14.15%.

Insider Transactions at Vistra

In related news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now directly owns 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the sale, the director now directly owns 325,192 shares in the company, valued at approximately $50,990,105.60. The trade was a 5.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by company insiders.

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.