Amalgamated Bank Increases Stock Holdings in Vistra Corp. (NYSE:VST)

Amalgamated Bank raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,908 shares of the company's stock after acquiring an additional 1,387 shares during the period. Amalgamated Bank's holdings in Vistra were worth $8,680,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Shilanski & Associates Inc. lifted its stake in shares of Vistra by 8.9% in the 1st quarter. Shilanski & Associates Inc. now owns 15,036 shares of the company's stock valued at $1,766,000 after acquiring an additional 1,233 shares during the last quarter. Citizens National Bank Trust Department increased its stake in shares of Vistra by 3.9% during the first quarter. Citizens National Bank Trust Department now owns 13,755 shares of the company's stock valued at $1,615,000 after buying an additional 513 shares during the period. Prakash Investment Advisors LLC bought a new position in shares of Vistra during the first quarter valued at approximately $377,000. TBH Global Asset Management LLC lifted its stake in Vistra by 15.2% in the first quarter. TBH Global Asset Management LLC now owns 3,473 shares of the company's stock worth $408,000 after acquiring an additional 458 shares during the period. Finally, Aljian Capital Management LLC purchased a new stake in Vistra in the first quarter worth $602,000. Institutional investors own 90.88% of the company's stock.

Insider Activity at Vistra

In other Vistra news, Director John R. Sult sold 25,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott B. Helm sold 50,000 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the sale, the director owned 255,192 shares in the company, valued at $44,084,418. This represents a 16.38% 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 ninety days. Corporate insiders own 1.42% of the company's stock.

Vistra Price Performance

VST traded up $0.31 on Wednesday, hitting $185.41. 802,497 shares of the company's stock traded hands, compared to its average volume of 7,150,603. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. 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 firm has a market cap of $62.92 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 2.28 and a beta of 1.26. The company's 50 day simple moving average is $160.43 and its 200-day simple moving average is $148.06.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a dividend of $0.225 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.49%. Vistra's dividend payout ratio is currently 14.15%.

Analyst Upgrades and Downgrades

Several research analysts have commented on VST shares. UBS Group upped their price objective on shares of Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. Daiwa Capital Markets started coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. 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 note on Friday, May 23rd. Finally, Raymond James Financial assumed coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus price target of $176.92.

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.