DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 113,202 Shares of Vistra Corp. (NYSE:VST)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its holdings in Vistra Corp. (NYSE:VST) by 68.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,497 shares of the company’s stock after selling 113,202 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Vistra were worth $7,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Pathway Financial Advisers LLC raised its stake in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares in the last quarter. Founders Capital Management purchased a new stake in Vistra during the fourth quarter worth $28,000. West Branch Capital LLC bought a new stake in Vistra during the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the 4th quarter valued at $28,000. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction 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 sale, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company’s stock, 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 owned by insiders.

Analyst Ratings Changes

VST has been the topic of a number of recent research reports. Daiwa America raised Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Daiwa Capital Markets started coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price for the company. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and cut their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.67.

Vistra Stock Performance

Shares of VST stock opened at $135.80 on Friday. The business has a fifty day moving average of $121.68 and a 200 day moving average of $141.20. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

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 issued a dividend of $0.225 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.66%. Vistra’s payout ratio is 12.77%.

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.