Vistra Corp. (NYSE:VST) Shares Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

Key Points

• United Super Pty Ltd increased its stake in Vistra Corp. by 65.2%, acquiring a total of 3,800 shares valued at approximately $446,000.
• Insider transactions revealed that EVP Scott A. Hudson sold 56,000 shares for $8.79 million, reducing his position by 15.44%.
• Vistra Corp. announced an increase in its quarterly dividend to $0.226 per share, with an annualized yield of 0.4%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 65.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,800 shares of the company's stock after acquiring an additional 1,500 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Vistra were worth $446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Vistra in the first quarter valued at $382,000. PNC Financial Services Group Inc. grew its stake in shares of Vistra by 20.1% in the first quarter. PNC Financial Services Group Inc. now owns 36,084 shares of the company's stock valued at $4,238,000 after buying an additional 6,027 shares in the last quarter. Commerce Bank grew its stake in shares of Vistra by 1.9% in the first quarter. Commerce Bank now owns 9,626 shares of the company's stock valued at $1,130,000 after buying an additional 177 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of Vistra by 59.2% in the first quarter. Moors & Cabot Inc. now owns 4,005 shares of the company's stock valued at $470,000 after buying an additional 1,489 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Vistra by 12.5% in the first quarter. US Bancorp DE now owns 24,517 shares of the company's stock valued at $2,879,000 after buying an additional 2,731 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

In related news, EVP Scott A. Hudson sold 56,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 306,600 shares in the company, valued at $48,136,200. This represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott B. Helm sold 50,000 shares of the company's stock in a transaction that occurred on 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 approximately $44,084,418. This represents a 16.38% 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. 1.42% of the stock is owned by insiders.

Vistra Stock Performance

NYSE VST opened at $208.06 on Friday. 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 business's 50 day moving average is $184.27 and its two-hundred day moving average is $155.15. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $213.05. The stock has a market capitalization of $70.60 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.53 and a beta of 1.30.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be issued a $0.226 dividend. The ex-dividend date is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's payout ratio is currently 14.15%.

Analysts Set New Price Targets

Several research firms recently commented on VST. UBS Group boosted their target price on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Raymond James Financial began coverage on Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Morgan Stanley boosted their target price on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Finally, The Goldman Sachs Group boosted their target price on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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.

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.