Westfield Capital Management Co. LP Sells 129,822 Shares of Vistra Corp. (NYSE:VST)

Key Points

• Westfield Capital Management Co. LP reduced its stake in Vistra Corp. by 28.1%, selling 129,822 shares, and now holds 332,342 shares worth approximately $39 million.
• Vistra recently declared an increased quarterly dividend of $0.226 per share, which marks an increase from the previous dividend of $0.23, reflecting a 0.4% annual yield.
• Analyst ratings for Vistra show a consensus of "Moderate Buy", with ten analysts rating the stock as a buy and a target price averaging $178.69.

Westfield Capital Management Co. LP cut its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,342 shares of the company's stock after selling 129,822 shares during the period. Westfield Capital Management Co. LP owned approximately 0.10% of Vistra worth $39,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Amalgamated Bank increased its holdings in shares of Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after buying an additional 1,387 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Vistra in the 1st quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Vistra during the 1st quarter worth $432,000. Envestnet Asset Management Inc. increased its position in Vistra by 29.1% during the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after buying an additional 57,551 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Vistra by 12.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after acquiring an additional 224 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In related news, EVP Carrie Lee Kirby sold 108,000 shares of Vistra stock in a transaction on 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 directly owned 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 Securities & Exchange Commission, which is available at this link. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were 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 owned 88,073 shares in the company, valued at $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 valued at $47,461,490. 1.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VST. Raymond James Financial initiated coverage on shares of Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Morgan Stanley increased their target price on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. 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. Finally, UBS Group upped their price target on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $178.69.

Vistra Price Performance

Shares of VST stock traded down $3.24 during trading hours on Friday, reaching $202.35. 4,060,980 shares of the company were exchanged, compared to its average volume of 7,313,929. The stock's fifty day moving average is $187.98 and its two-hundred day moving average is $156.24. The company has a market cap of $68.66 billion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 2.44 and a beta of 1.30. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. The company has a debt-to-equity ratio of 6.53, a current ratio of 0.86 and a quick ratio of 0.77.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.226 dividend. The ex-dividend date of this dividend is Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra's payout ratio is 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.