Vistra Corp. (NYSE:VST) Position Cut by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. reduced its holdings in Vistra Corp. (NYSE:VST - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent 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.

Several other hedge funds have also recently added to or reduced their stakes in VST. Norges Bank acquired a new stake in shares of Vistra in the 4th quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA lifted its position in Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the period. Capital International Investors acquired a new stake in Vistra in the fourth quarter worth approximately $286,414,000. Raymond James Financial Inc. bought a new position in Vistra during the 4th quarter valued at $237,441,000. Finally, Appaloosa LP increased its position in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the period. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on VST. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. UBS Group boosted their price target on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price 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. Finally, The Goldman Sachs Group initiated coverage on shares of Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.83.

Vistra Stock Performance

Vistra stock opened at $152.26 on Thursday. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. The firm's 50 day simple moving average is $127.45 and its 200-day simple moving average is $142.80. 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 company has a market cap of $51.67 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The firm also recently announced 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 represents a $0.90 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Transactions at Vistra

In related news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This trade represents a 76.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,136 shares of company stock valued at $23,087,290 over the last quarter. Company insiders own 1.42% of the company's stock.

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.

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