Rhumbline Advisers Sells 8,302 Shares of Vistra Corp. (NYSE:VST)

Rhumbline Advisers lowered its holdings in Vistra Corp. (NYSE:VST - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 710,487 shares of the company's stock after selling 8,302 shares during the period. Rhumbline Advisers owned about 0.21% of Vistra worth $83,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caprock Group LLC lifted its position in shares of Vistra by 37.0% during the 4th quarter. Caprock Group LLC now owns 3,329 shares of the company's stock valued at $459,000 after buying an additional 899 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Vistra during the 4th quarter valued at $1,241,000. DAVENPORT & Co LLC lifted its position in shares of Vistra by 58.9% during the 4th quarter. DAVENPORT & Co LLC now owns 14,754 shares of the company's stock valued at $2,034,000 after buying an additional 5,467 shares during the last quarter. Greenleaf Trust lifted its position in shares of Vistra by 7.0% during the 4th quarter. Greenleaf Trust now owns 17,462 shares of the company's stock valued at $2,407,000 after buying an additional 1,149 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of Vistra during the 4th quarter valued at $4,565,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity

In related news, EVP Scott A. Hudson sold 56,000 shares of the firm'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 sale, the executive vice president now owns 306,600 shares of the company's stock, valued at $48,136,200. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the sale, the executive vice president now directly owns 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 219,000 shares of company stock valued at $34,532,240. 1.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VST. Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group upped their price target on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Three research analysts have rated the stock with a hold rating and ten have assigned a 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 $169.08.

Vistra Trading Down 1.8%

Shares of NYSE:VST traded down $3.12 during trading on Wednesday, reaching $172.88. 5,284,925 shares of the company traded hands, compared to its average volume of 7,453,145. The firm has a market capitalization of $58.66 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business's fifty day moving average is $133.62 and its 200-day moving average is $144.55.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, June 18th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is 14.15%.

About Vistra

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.