Vontobel Holding Ltd. Grows Holdings in Vistra Corp. (NYSE:VST)

Vontobel Holding Ltd. raised its stake in Vistra Corp. (NYSE:VST - Free Report) by 236.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 17,666 shares of the company's stock after purchasing an additional 12,415 shares during the period. Vontobel Holding Ltd.'s holdings in Vistra were worth $2,075,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VST. US Bancorp DE increased its position in shares of Vistra by 34.5% in the 4th quarter. US Bancorp DE now owns 21,786 shares of the company's stock worth $3,004,000 after purchasing an additional 5,593 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Vistra by 355.8% in the 4th quarter. Jones Financial Companies Lllp now owns 6,408 shares of the company's stock worth $883,000 after purchasing an additional 5,002 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Vistra by 78.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 35,214 shares of the company's stock worth $4,855,000 after purchasing an additional 15,516 shares during the last quarter. M&T Bank Corp increased its position in shares of Vistra by 8.0% in the 4th quarter. M&T Bank Corp now owns 36,475 shares of the company's stock worth $5,029,000 after purchasing an additional 2,711 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Vistra in the 4th quarter worth about $25,281,000. Institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VST shares. Morgan Stanley boosted their target price on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. Raymond James Financial assumed coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price objective for the company. UBS Group boosted their price objective on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Vistra has a consensus rating of "Moderate Buy" and an average price target of $176.92.

Insider Buying and Selling

In other news, EVP Scott A. Hudson sold 56,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were 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 directly owned 306,600 shares of the company's stock, valued at approximately $48,136,200. This represents a 15.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the sale, the executive vice president directly owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company's stock.

Vistra Trading Up 2.4%

Vistra stock opened at $191.51 on Friday. 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 firm has a 50-day moving average price of $164.42 and a two-hundred day moving average price of $149.01. The firm has a market capitalization of $64.98 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.26 and a beta of 1.26. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were paid a $0.225 dividend. 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 dividend yield of 0.47%. The ex-dividend date of this dividend was Wednesday, June 18th. Vistra's dividend payout ratio is currently 14.15%.

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.

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