Vistra Corp. (NYSE:VST) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC trimmed its holdings in Vistra Corp. (NYSE:VST) by 15.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,337 shares of the company’s stock after selling 423 shares during the quarter. New Century Financial Group LLC’s holdings in Vistra were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of VST. Pathway Financial Advisers LLC lifted its stake in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Vistra in the 4th quarter worth approximately $28,000. Cherry Tree Wealth Management LLC raised its position in shares of Vistra by 2,030.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 213 shares of the company’s stock valued at $29,000 after buying an additional 203 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of Vistra during the 4th quarter valued at approximately $32,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Vistra during the 4th quarter valued at approximately $39,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Vistra 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 transaction, the director now owns 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction dated 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 directly owns 325,192 shares of the company’s stock, valued at $50,990,105.60. The trade was a 5.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 294,000 shares of company stock worth $47,461,490. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST stock opened at $173.68 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 fifty day moving average price of $143.01 and a 200 day moving average price of $145.38. The company has a market cap of $58.94 billion, a P/E ratio of 32.40, a PEG ratio of 1.12 and a beta of 1.22. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 represents a $0.90 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 14.15%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Morgan Stanley reissued an “overweight” rating and issued a $178.00 target price (up previously from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Daiwa America raised Vistra to a “hold” rating in a research report on Wednesday, March 5th. Raymond James started coverage on Vistra in a research report on Friday. They issued a “strong-buy” rating and a $216.00 target price on the stock. Finally, Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and a consensus price target of $172.69.

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.