Vistra Corp. (NYSE:VST) Holdings Lowered by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its holdings in Vistra Corp. (NYSE:VST - Free Report) by 33.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,745 shares of the company's stock after selling 4,430 shares during the period. Venturi Wealth Management LLC's holdings in Vistra were worth $1,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in VST. LPL Financial LLC grew its position in Vistra by 58.3% during the fourth quarter. LPL Financial LLC now owns 315,464 shares of the company's stock valued at $43,493,000 after acquiring an additional 116,226 shares during the period. TD Asset Management Inc. lifted its stake in shares of Vistra by 17.4% during the fourth quarter. TD Asset Management Inc. now owns 1,196,258 shares of the company's stock worth $164,928,000 after purchasing an additional 176,872 shares in the last quarter. Florida Financial Advisors LLC acquired a new position in shares of Vistra during the fourth quarter worth about $328,000. Situational Awareness LP acquired a new position in shares of Vistra during the fourth quarter worth about $59,063,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Vistra during the fourth quarter worth about $317,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the completion of the transaction, the director directly owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the transaction, the executive vice president directly owned 88,073 shares of the company's stock, valued at $14,218,505.12. This trade represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by insiders.

Analyst Ratings Changes

VST has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. UBS Group boosted their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Raymond James Financial assumed coverage on Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target on the stock. Finally, The Goldman Sachs Group boosted 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. Three equities research 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $178.69.

Vistra Stock Down 2.0%

Vistra stock traded down $3.94 during midday trading on Friday, hitting $192.30. The stock had a trading volume of 5,488,114 shares, compared to its average volume of 7,451,015. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The stock has a market cap of $65.25 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.37 and a beta of 1.26. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $207.12. The business has a fifty day moving average price of $178.79 and a 200 day moving average price of $153.69.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.225 per share. 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. This represents a $0.90 annualized dividend and a dividend yield of 0.47%. Vistra's dividend payout ratio is 14.15%.

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.