Vistra Corp. (NYSE:VST) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in Vistra Corp. (NYSE:VST) by 44.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 34,509 shares of the company’s stock after buying an additional 10,575 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Vistra were worth $4,053,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. HM Payson & Co. lifted its holdings in Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after purchasing an additional 168 shares during the period. Ameriflex Group Inc. acquired a new stake in Vistra in the 4th quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new stake in Vistra in the 1st quarter valued at about $46,000. Golden State Wealth Management LLC lifted its holdings in Vistra by 2,540.0% in the 1st quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock valued at $47,000 after acquiring an additional 381 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its holdings in Vistra by 53.9% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 431 shares of the company’s stock valued at $51,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the sale, the executive vice president directly owned 218,239 shares of the company’s stock, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the completion of the sale, the executive vice president directly owned 306,600 shares of the company’s stock, valued at $48,136,200. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 294,000 shares of company stock valued at $47,461,490. Insiders own 1.42% of the company’s stock.

Vistra Stock Up 2.0%

Shares of Vistra stock opened at $196.09 on Tuesday. The stock has a market capitalization of $66.54 billion, a P/E ratio of 30.83, a PEG ratio of 2.27 and a beta of 1.26. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The stock has a 50 day moving average price of $180.28 and a two-hundred day moving average price of $153.99. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $207.12.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.46%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 14.15%.

Analyst Ratings Changes

A number of brokerages have weighed in on VST. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an “outperform” rating in a report on Thursday, May 15th. Morgan Stanley boosted their price objective on Vistra from $178.00 to $186.00 and gave the stock an “overweight” rating in a report on Wednesday, June 18th. The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, May 23rd. Raymond James Financial initiated coverage on Vistra in a report on Friday, June 13th. They set a “strong-buy” rating and a $216.00 price objective on the stock. Finally, UBS Group boosted their price objective on Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.