Jefferies Financial Group Inc. Sells 53,288 Shares of Vistra Corp. (NYSE:VST)

Jefferies Financial Group Inc. trimmed its position in Vistra Corp. (NYSE:VST) by 91.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,005 shares of the company’s stock after selling 53,288 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Vistra were worth $690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Goodlander Investment Management LLC acquired a new position in Vistra in the 4th quarter valued at about $19,302,000. Gotham Asset Management LLC grew its stake in Vistra by 78.7% in the 4th quarter. Gotham Asset Management LLC now owns 63,704 shares of the company’s stock valued at $8,783,000 after buying an additional 28,058 shares during the last quarter. Focus Partners Wealth grew its stake in Vistra by 85.9% in the 4th quarter. Focus Partners Wealth now owns 5,703 shares of the company’s stock valued at $811,000 after buying an additional 2,635 shares during the last quarter. Eisler Capital Management Ltd. acquired a new position in Vistra in the 4th quarter valued at about $2,276,000. Finally, Engle Capital Management L.P. acquired a new position in Vistra in the 4th quarter valued at about $9,155,000. 90.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VST. The Goldman Sachs Group began coverage on shares of Vistra in a research note on Friday, April 4th. They issued a “neutral” rating and a $134.00 price target on the stock. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. UBS Group increased their target price on shares of Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $166.67.

Vistra Stock Performance

NYSE VST opened at $152.18 on Friday. 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 firm has a market capitalization of $51.77 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 1.12 and a beta of 1.16. The firm’s 50 day simple moving average is $124.58 and its 200 day simple moving average is $141.92. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The company also recently declared 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. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.59%. Vistra’s dividend payout ratio (DPR) is currently 14.15%.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value 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 $6,341,513.97. This represents a 32.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John William Pitesa acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

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.