MidWestOne Financial Group Inc. Sells 2,631 Shares of Vistra Corp. (NYSE:VST)

MidWestOne Financial Group Inc. cut its stake in Vistra Corp. (NYSE:VST - Free Report) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,620 shares of the company's stock after selling 2,631 shares during the quarter. MidWestOne Financial Group Inc.'s holdings in Vistra were worth $1,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Grassi Investment Management acquired a new position in Vistra in the fourth quarter worth about $383,000. HB Wealth Management LLC lifted its holdings in Vistra by 77.6% in the fourth quarter. HB Wealth Management LLC now owns 5,198 shares of the company's stock worth $717,000 after acquiring an additional 2,271 shares during the last quarter. UMB Bank n.a. boosted its stake in Vistra by 116.9% in the fourth quarter. UMB Bank n.a. now owns 898 shares of the company's stock valued at $124,000 after acquiring an additional 484 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Vistra by 56.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 967 shares of the company's stock valued at $133,000 after purchasing an additional 350 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Vistra by 8.3% during the 4th quarter. Ballentine Partners LLC now owns 2,786 shares of the company's stock worth $384,000 after purchasing an additional 213 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 recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday. Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $169.08.

Insider Transactions at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the sale, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the sale, the executive vice president now directly owns 306,600 shares of the company's stock, valued at approximately $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 208,136 shares of company stock worth $31,879,290. 1.42% of the stock is owned by insiders.

Vistra Stock Up 2.2%

Shares of NYSE:VST traded up $3.52 during midday trading on Tuesday, hitting $161.68. The stock had a trading volume of 3,253,532 shares, compared to its average volume of 8,368,767. The business's 50-day simple moving average is $129.29 and its 200-day simple moving average is $143.61. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The company has a market cap of $54.86 billion, a P/E ratio of 30.15, a PEG ratio of 1.12 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The business 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. The ex-dividend date of this dividend is 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 0.56%. Vistra's dividend payout ratio is presently 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.