Premier Fund Managers Ltd Sells 15,000 Shares of Vistra Corp. (NYSE:VST)

Premier Fund Managers Ltd reduced its stake in Vistra Corp. (NYSE:VST) by 54.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,500 shares of the company’s stock after selling 15,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in Vistra were worth $1,488,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock worth $1,174,326,000 after buying an additional 219,055 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock valued at $863,116,000 after acquiring an additional 2,433,732 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Vistra by 10.9% in the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company’s stock valued at $417,261,000 after acquiring an additional 296,714 shares during the last quarter. Castle Hook Partners LP lifted its holdings in shares of Vistra by 13.6% in the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company’s stock valued at $408,677,000 after acquiring an additional 353,949 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Vistra by 5.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,206,046 shares of the company’s stock valued at $304,148,000 after acquiring an additional 106,803 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

Shares of VST stock opened at $196.09 on Tuesday. The firm has a market cap of $66.54 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.27 and a beta of 1.26. The company’s 50 day moving average is $180.28 and its 200 day moving average is $153.99. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $207.12.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were issued a $0.225 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.46%. The ex-dividend date was Wednesday, June 18th. Vistra’s payout ratio is currently 14.15%.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director directly owned 255,192 shares of the company’s stock, valued at approximately $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the completion of the transaction, the director directly owned 75,946 shares in the company, valued at $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on VST. Raymond James Financial began coverage on shares of Vistra in a research note on Friday, June 13th. They issued a “strong-buy” rating and a $216.00 price objective for the company. The Goldman Sachs Group lifted their price target 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. Morgan Stanley lifted their price target on shares of Vistra from $178.00 to $186.00 and gave the company an “overweight” rating in a research note on Wednesday, June 18th. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an “outperform” rating in a research note on Thursday, May 15th. Finally, UBS Group lifted their price target on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. Three investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.69.

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.