Calamos Wealth Management LLC Purchases 1,839 Shares of Vistra Corp. (NYSE:VST)

Calamos Wealth Management LLC increased its stake in Vistra Corp. (NYSE:VST - Free Report) by 55.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,182 shares of the company's stock after buying an additional 1,839 shares during the quarter. Calamos Wealth Management LLC's holdings in Vistra were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VST. Norges Bank bought a new stake in shares of Vistra in the 4th quarter worth about $409,087,000. Massachusetts Financial Services Co. MA lifted its stake 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 last quarter. Capital International Investors bought a new stake in Vistra in the fourth quarter worth about $286,414,000. Raymond James Financial Inc. bought a new stake in Vistra in the fourth quarter worth about $237,441,000. Finally, Appaloosa LP lifted its stake in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VST. JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. UBS Group lifted their target price on Vistra from $160.00 to $207.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group lifted their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley lifted their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $176.92.

Vistra Stock Up 0.8%

Shares of VST stock traded up $1.53 on Monday, hitting $193.73. The stock had a trading volume of 4,311,828 shares, compared to its average volume of 7,171,771. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The business has a 50 day moving average price of $165.70 and a 200 day moving average price of $149.58. The company has a market cap of $65.74 billion, a PE ratio of 30.46, a P/E/G ratio of 2.26 and a beta of 1.26. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were issued a $0.225 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.46%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 14.15%.

Insiders Place Their Bets

In related news, Director John R. Sult sold 25,000 shares of the business'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 value of $4,291,750.00. Following the completion of the transaction, the director owned 75,946 shares of the company's stock, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the business's stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 306,600 shares of the company's stock, valued at approximately $48,136,200. The trade was a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is owned by corporate insiders.

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.