Vistra Corp. (NYSE:VST) Shares Bought by PFG Advisors

Key Points

• PFG Advisors has significantly increased its stake in Vistra Corp. by 86.9%, now owning 3,227 shares worth approximately $379,000.
• Insiders have sold 294,000 shares of Vistra stock in the last quarter, totaling about $47.5 million, while the company's insiders own only 1.42% of the stock.
• Vistra recently raised its quarterly dividend to $0.225 per share, reflecting a positive change from the previous amount and representing an annual yield of 0.47%.

PFG Advisors increased its stake in Vistra Corp. (NYSE:VST - Free Report) by 86.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,227 shares of the company's stock after acquiring an additional 1,500 shares during the period. PFG Advisors' holdings in Vistra were worth $379,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. boosted its stake in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Vistra in the fourth quarter valued at $28,000. Ameriflex Group Inc. acquired a new stake in shares of Vistra in the fourth quarter valued at $32,000. Opal Wealth Advisors LLC bought a new position in Vistra during the first quarter valued at about $46,000. Finally, Golden State Wealth Management LLC grew its holdings in Vistra by 2,540.0% during the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company's stock worth $47,000 after acquiring an additional 381 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

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 transaction of $4,291,750.00. Following the transaction, the director directly owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total transaction of $8,792,000.00. Following the completion of the sale, the executive vice president owned 306,600 shares of the company's stock, valued at approximately $48,136,200. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of Vistra stock opened at $192.30 on Friday. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $207.12. 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 stock has a market cap of $65.25 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 2.32 and a beta of 1.26. The business has a fifty day simple moving average of $179.50 and a 200-day simple moving average of $153.89.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 0.47%. Vistra's dividend payout ratio (DPR) is presently 14.15%.

Analyst Ratings Changes

A number of brokerages have weighed in on VST. Morgan Stanley upped their price target on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. 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 stock. According to MarketBeat.com, Vistra has a consensus rating of "Moderate Buy" and an average price target 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.

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.