MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 11,892 Shares of Vistra Corp. (NYSE:VST)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 38.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,531 shares of the company's stock after acquiring an additional 11,892 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Vistra were worth $5,864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VST. Grassi Investment Management purchased a new stake in Vistra in the 4th quarter worth about $383,000. Park Avenue Securities LLC increased its stake in shares of Vistra by 42.8% in the fourth quarter. Park Avenue Securities LLC now owns 13,641 shares of the company's stock worth $1,881,000 after purchasing an additional 4,091 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Vistra by 77.6% in the fourth quarter. HB Wealth Management LLC now owns 5,198 shares of the company's stock worth $717,000 after purchasing an additional 2,271 shares in the last quarter. Jackson Square Capital LLC bought a new stake in shares of Vistra in the fourth quarter valued at approximately $1,374,000. Finally, Clarius Group LLC purchased a new stake in shares of Vistra during the 4th quarter valued at approximately $225,000. 90.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group raised their price objective on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and cut their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. The Goldman Sachs Group began coverage on Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective on the stock. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Finally, Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $166.58.

Vistra Price Performance

Shares of NYSE:VST traded up $2.35 on Thursday, hitting $154.42. The company's stock had a trading volume of 4,531,119 shares, compared to its average volume of 7,532,274. The company has a market capitalization of $52.40 billion, a PE ratio of 28.81, a PEG ratio of 1.12 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a 50-day simple moving average of $127.45 and a 200 day simple moving average of $142.80. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.58%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio is 14.15%.

Insider Activity at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the sale, the executive vice president now owns 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,136 shares of company stock valued at $23,087,290 over the last three months. 1.42% of the stock is owned by corporate insiders.

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.