Value Star Asset Management Hong Kong Ltd Cuts Position in Vistra Corp. (NYSE:VST)

Value Star Asset Management Hong Kong Ltd decreased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 40.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,000 shares of the company's stock after selling 6,000 shares during the quarter. Vistra comprises approximately 6.9% of Value Star Asset Management Hong Kong Ltd's investment portfolio, making the stock its 7th largest holding. Value Star Asset Management Hong Kong Ltd's holdings in Vistra were worth $1,057,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Paloma Partners Management Co grew its holdings in Vistra by 1.0% in the fourth 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 during the period. Sunbelt Securities Inc. boosted its position in shares of 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. IHT Wealth Management LLC boosted its position in shares of 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. Rothschild Investment LLC boosted its position in shares of Vistra by 34.2% during the 4th quarter. Rothschild Investment LLC now owns 463 shares of the company's stock worth $64,000 after purchasing an additional 118 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Vistra by 1.6% in the 4th quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after buying an additional 125 shares during the period. Institutional investors own 90.88% of the company's stock.

Vistra Price Performance

Vistra stock opened at $185.14 on Monday. The firm has a market capitalization of $62.82 billion, a P/E ratio of 29.11, a PEG ratio of 2.25 and a beta of 1.22. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77. The business has a fifty day moving average price of $149.84 and a 200-day moving average price of $146.04.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 14.15%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. UBS Group upped their target price on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley lifted their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $176.92.

Insider Activity

In related news, EVP Carrie Lee Kirby sold 108,000 shares of the 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 sale, the executive vice president now owns 218,239 shares in the company, valued at approximately $34,259,158.22. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $4,291,750.00. Following the transaction, the director now owns 75,946 shares of the company's stock, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is owned by company insiders.

About Vistra

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.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.