Vistra Corp. (NYSE:VST) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in Vistra Corp. (NYSE:VST) by 78.4% during the 1st quarter, HoldingsChannel reports. The fund owned 52,614 shares of the company’s stock after buying an additional 23,118 shares during the period. Mackenzie Financial Corp’s holdings in Vistra were worth $6,179,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Paloma Partners Management Co raised its holdings in Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company’s stock valued at $1,103,000 after acquiring an additional 81 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Vistra by 1.6% in the fourth quarter. Sunbelt Securities Inc. now owns 6,409 shares of the company’s stock valued at $898,000 after acquiring an additional 98 shares in the last quarter. Dynasty Wealth Management LLC raised its holdings in Vistra by 4.9% in the first quarter. Dynasty Wealth Management LLC now owns 2,266 shares of the company’s stock valued at $266,000 after acquiring an additional 105 shares in the last quarter. IHT Wealth Management LLC increased its stake in Vistra by 1.1% during the fourth quarter. IHT Wealth Management LLC now owns 9,579 shares of the company’s stock valued at $1,321,000 after purchasing an additional 106 shares during the last quarter. Finally, EP Wealth Advisors LLC increased 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 valued at $1,100,000 after purchasing an additional 125 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

NYSE:VST opened at $208.06 on Friday. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $213.05. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 6.53. The company has a 50-day moving average of $184.27 and a 200-day moving average of $155.24. The firm has a market cap of $70.60 billion, a price-to-earnings ratio of 32.71, a price-to-earnings-growth ratio of 2.54 and a beta of 1.30.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be given a dividend of $0.226 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. Vistra’s payout ratio is 14.15%.

Insider Activity at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the company’s stock in a transaction dated 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 directly owned 88,073 shares of the company’s stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 294,000 shares of company stock worth $47,461,490. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on VST shares. 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 note on Friday, May 23rd. Raymond James Financial started coverage on shares of Vistra in a research note on Friday, June 13th. They set a “strong-buy” rating and a $216.00 target price for the company. UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Morgan Stanley upped their price target on shares of Vistra from $178.00 to $186.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 18th. Finally, Evercore ISI set a $192.00 price target on shares of Vistra and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.69.

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.