Wedge Capital Management L L P NC Buys 13,706 Shares of Vistra Corp. (NYSE:VST)

Wedge Capital Management L L P NC raised its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 15.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,959 shares of the company's stock after purchasing an additional 13,706 shares during the quarter. Wedge Capital Management L L P NC's holdings in Vistra were worth $11,739,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of VST. Norges Bank bought a new stake in shares of Vistra during the fourth quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares in the last quarter. Capital International Investors bought a new position in shares of Vistra during the fourth quarter valued at $286,414,000. Raymond James Financial Inc. purchased a new stake in shares of Vistra during the 4th quarter valued at about $237,441,000. Finally, Appaloosa LP boosted its holdings in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of VST stock traded up $3.31 on Wednesday, reaching $167.96. The company's stock had a trading volume of 1,995,015 shares, compared to its average volume of 7,351,648. The stock's fifty day simple moving average is $138.77 and its 200-day simple moving average is $145.02. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a market capitalization of $56.99 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.54%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 14.15%.

Insiders Place Their Bets

In related news, Director John R. Sult sold 25,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director now directly owns 75,946 shares of the company's stock, valued at $13,037,649.82. This represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.80, for a total transaction of $3,136,000.00. Following the completion of the sale, the director now directly owns 325,192 shares of the company's stock, valued at approximately $50,990,105.60. The trade was a 5.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock valued at $47,461,490 over the last ninety days. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on VST. Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Evercore ISI set a $192.00 price target on Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. UBS Group increased their price objective on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $169.08.

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.