First National Trust Co Has $866,000 Stake in Vistra Corp. (NYSE:VST)

Key Points

• First National Trust Co increased its stake in Vistra Corp. by 24.0% during the 1st quarter, bringing its holdings to 7,378 shares worth $866,000.
• Research firms have raised price targets on Vistra shares, with Goldman Sachs increasing it to $164.00 and UBS Group to $230.00, indicating strong investor interest.
• Vistra recently announced a quarterly dividend increase to $0.226 per share, signifying a positive change from its previous dividend and reflecting a yield of 0.44%.

First National Trust Co boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 24.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,378 shares of the company's stock after purchasing an additional 1,426 shares during the period. First National Trust Co's holdings in Vistra were worth $866,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. HM Payson & Co. raised its holdings in Vistra by 275.4% in the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after acquiring an additional 168 shares during the period. Ameriflex Group Inc. bought a new position in Vistra in the 4th quarter valued at about $32,000. Opal Wealth Advisors LLC bought a new position in Vistra in the 1st quarter valued at about $46,000. Golden State Wealth Management LLC raised its holdings in Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock valued at $47,000 after acquiring an additional 381 shares during the period. Finally, State of Wyoming bought a new position in Vistra in the 4th quarter valued at about $58,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VST has been the topic of several research analyst reports. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. Raymond James Financial began coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Morgan Stanley raised their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. UBS Group raised their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group raised their target price on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $178.69.

Insider Transactions at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.98, for a total value of $16,953,840.00. Following the sale, the executive vice president owned 218,239 shares in the company, valued at $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 available at this link. Also, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the sale, the director owned 75,946 shares in the company, valued at $13,037,649.82. This represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 294,000 shares of company stock valued at $47,461,490. Corporate insiders own 1.42% of the company's stock.

Vistra Price Performance

Vistra stock traded up $6.19 during mid-day trading on Monday, reaching $214.24. The company had a trading volume of 2,329,020 shares, compared to its average volume of 7,327,056. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $215.13. 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 company has a market cap of $72.70 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.53 and a beta of 1.30. The business has a fifty day simple moving average of $184.27 and a 200 day simple moving average of $155.02.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $0.226 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 19th. Vistra's dividend payout ratio (DPR) is 14.15%.

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.