Strategic Investment Advisors MI Decreases Holdings in Vistra Corp. (NYSE:VST)

Strategic Investment Advisors MI trimmed its stake in shares of Vistra Corp. (NYSE:VST) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,739 shares of the company’s stock after selling 771 shares during the period. Strategic Investment Advisors MI’s holdings in Vistra were worth $2,436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VST. Paloma Partners Management Co lifted its stake in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company’s stock worth $1,103,000 after buying an additional 81 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company’s stock worth $898,000 after buying an additional 98 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of Vistra by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company’s stock worth $1,321,000 after buying an additional 106 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of Vistra by 34.2% in the fourth quarter. Rothschild Investment LLC now owns 463 shares of the company’s stock worth $64,000 after buying an additional 118 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its stake in Vistra by 1.6% during the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company’s stock worth $1,100,000 after purchasing an additional 125 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on VST. UBS Group lifted their target price on shares of Vistra from $160.00 to $207.00 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.92.

Insider Buying and Selling at Vistra

In related news, Director John R. Sult sold 25,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 75,946 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were 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 owns 325,192 shares of the company’s stock, valued at approximately $50,990,105.60. This trade represents a 5.79% 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 valued at $47,461,490. Insiders own 1.42% of the company’s stock.

Vistra Trading Down 0.2%

Shares of VST stock opened at $186.19 on Wednesday. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86. The stock has a market capitalization of $63.18 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 2.27 and a beta of 1.22. The company has a 50 day moving average price of $152.73 and a 200 day moving average price of $146.50. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.48%. The ex-dividend date is Wednesday, June 18th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 14.15%.

Vistra Company 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.