Mercer Global Advisors Inc. ADV Sells 29,939 Shares of Vistra Corp. (NYSE:VST)

Mercer Global Advisors Inc. ADV reduced its holdings in Vistra Corp. (NYSE:VST - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,296 shares of the company's stock after selling 29,939 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Vistra were worth $12,173,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VST. Itau Unibanco Holding S.A. purchased a new position in Vistra during the 4th quarter valued at $416,000. Westbourne Investments Inc. purchased a new position in shares of Vistra during the fourth quarter valued at about $729,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Vistra by 452.8% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 496,576 shares of the company's stock worth $68,463,000 after buying an additional 406,754 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in Vistra in the fourth quarter worth about $227,000. Finally, Palidye Holdings Caymans Ltd bought a new stake in Vistra during the 4th quarter valued at approximately $149,451,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Up 1.4 %

VST opened at $139.24 on Friday. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The firm's 50 day simple moving average is $120.90 and its two-hundred day simple moving average is $140.84. 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 company has a market capitalization of $47.36 billion, a PE ratio of 25.98, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.65%. Vistra's payout ratio is 12.62%.

Insider Buying and Selling at Vistra

In other news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VST has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price objective for the company. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group decreased their target price on shares of Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. Finally, BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and an average price target of $166.17.

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.

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