First National Trust Co Has $866,000 Stock Holdings 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 increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 24.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,378 shares of the company's stock after buying an additional 1,426 shares during the quarter. First National Trust Co's holdings in Vistra were worth $866,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank grew its stake in Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after buying an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Vistra during the 1st quarter worth approximately $341,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra in the 1st quarter valued at approximately $432,000. Envestnet Asset Management Inc. grew its stake in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after purchasing an additional 57,551 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Vistra by 12.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after purchasing an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling

In other news, EVP Scott A. Hudson sold 56,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the sale, the executive vice president directly owned 306,600 shares of the company's stock, valued at approximately $48,136,200. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the sale, the executive vice president directly owned 88,073 shares in the company, valued at approximately $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. Insiders sold a total of 294,000 shares of company stock valued at $47,461,490 in the last quarter. Insiders own 1.42% of the company's stock.

Vistra Stock Down 0.2%

Shares of VST traded down $0.48 during mid-day trading on Friday, reaching $208.06. The company's stock had a trading volume of 5,735,168 shares, compared to its average volume of 4,789,888. The business has a fifty day moving average of $184.27 and a 200 day moving average of $155.24. The company has a market cap of $70.60 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.54 and a beta of 1.30. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $213.05. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's dividend payout ratio (DPR) is 14.15%.

Analyst Upgrades and Downgrades

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

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.