Vistra Corp. (NYSE:VST) Shares Acquired by Spirit of America Management Corp NY

Spirit of America Management Corp NY lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 38.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,050 shares of the company's stock after buying an additional 6,400 shares during the quarter. Spirit of America Management Corp NY's holdings in Vistra were worth $2,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Tucker Asset Management LLC bought a new position in Vistra during the fourth quarter worth $28,000. Cherry Tree Wealth Management LLC lifted its stake in Vistra by 2,030.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company's stock worth $29,000 after purchasing an additional 203 shares during the last quarter. Ameriflex Group Inc. bought a new position in Vistra during the fourth quarter worth $32,000. Whipplewood Advisors LLC bought a new position in Vistra during the fourth quarter worth $39,000. Finally, Whittier Trust Co. lifted its stake in Vistra by 1,611.8% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company's stock worth $40,000 after purchasing an additional 274 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VST shares. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group raised their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. UBS Group raised their price objective on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research note on Tuesday. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. 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. Based on data from MarketBeat.com, Vistra has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.

Insider Activity

In other news, Director John R. Sult sold 25,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the transaction, the director now directly owns 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 294,000 shares of company stock valued at $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

VST stock opened at $181.17 on Friday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. The stock has a market capitalization of $61.48 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 2.21 and a beta of 1.22. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The stock's fifty day moving average is $148.37 and its two-hundred day moving average is $146.03.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.50%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 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.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.