Vistra Corp. (NYSE:VST) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC reduced its holdings in Vistra Corp. (NYSE:VST) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,455 shares of the company’s stock after selling 2,399 shares during the quarter. Rafferty Asset Management LLC’s holdings in Vistra were worth $5,578,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VST. Grassi Investment Management acquired a new stake in Vistra in the 4th quarter valued at approximately $383,000. AdvisorNet Financial Inc increased its position in Vistra by 315.1% in the 4th quarter. AdvisorNet Financial Inc now owns 631 shares of the company’s stock valued at $87,000 after acquiring an additional 479 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Vistra by 4.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,913 shares of the company’s stock valued at $402,000 after acquiring an additional 122 shares during the period. Park Avenue Securities LLC increased its position in shares of Vistra by 42.8% during the 4th quarter. Park Avenue Securities LLC now owns 13,641 shares of the company’s stock valued at $1,881,000 after purchasing an additional 4,091 shares during the period. Finally, TrueWealth Advisors LLC acquired a new position in shares of Vistra during the 4th quarter valued at $487,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VST shares. JPMorgan Chase & Co. lowered their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Bank of America upgraded 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. The Goldman Sachs Group started coverage on Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 price target on the stock. Finally, Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.67.

Vistra Stock Performance

VST opened at $156.55 on Friday. The firm has a market cap of $53.12 billion, a PE ratio of 29.21, a P/E/G ratio of 1.12 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business has a fifty day simple moving average of $125.42 and a 200-day simple moving average of $142.25. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 0.57%. Vistra’s dividend payout ratio (DPR) is currently 14.15%.

Insider Transactions at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

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.