Y Intercept Hong Kong Ltd Sells 2,334 Shares of Vistra Corp. (NYSE:VST)

Y Intercept Hong Kong Ltd lessened its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,542 shares of the company's stock after selling 2,334 shares during the period. Y Intercept Hong Kong Ltd's holdings in Vistra were worth $4,174,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank raised its stake in shares of Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock valued at $8,680,000 after purchasing an additional 1,387 shares during the period. Kingswood Wealth Advisors LLC bought a new position in Vistra in the 1st quarter worth about $341,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Vistra in the 1st quarter worth about $432,000. Envestnet Asset Management Inc. boosted its holdings in shares of Vistra by 29.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock worth $30,021,000 after purchasing an additional 57,551 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings 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 worth $230,000 after purchasing an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 218,239 shares of the company's stock, valued at $34,259,158.22. This represents a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock worth $47,461,490. 1.42% of the stock is owned by insiders.

Vistra Trading Up 5.6%

NYSE VST traded up $10.57 on Wednesday, hitting $199.66. The company's stock had a trading volume of 8,842,455 shares, compared to its average volume of 7,112,824. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $207.00. The firm has a market cap of $67.75 billion, a P/E ratio of 31.39, a PEG ratio of 2.22 and a beta of 1.26. The company's 50-day simple moving average is $177.01 and its 200 day simple moving average is $153.15. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were given a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.45%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 14.15%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group increased their target price on Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. UBS Group increased their target price on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Finally, Raymond James Financial assumed coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $176.92.

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.