Vistra Corp. (NYSE:VST) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd lowered its stake in shares of Vistra Corp. (NYSE:VST) by 15.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,500 shares of the company’s stock after selling 5,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in Vistra were worth $3,851,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VST. Peregrine Asset Advisers Inc. increased its holdings in shares of Vistra by 3.2% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after acquiring an additional 64 shares during the period. Avior Wealth Management LLC increased its stake in shares of Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Galvin Gaustad & Stein LLC raised its holdings in shares of Vistra by 3.6% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after buying an additional 73 shares during the last quarter. Csenge Advisory Group boosted its position in shares of Vistra by 1.7% during the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock worth $703,000 after buying an additional 83 shares during the period. Finally, New Century Financial Group LLC grew its holdings in Vistra by 3.5% in the 4th quarter. New Century Financial Group LLC now owns 2,760 shares of the company’s stock worth $381,000 after buying an additional 94 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of the company’s 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 sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Evercore ISI assumed coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. BMO Capital Markets upped their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Daiwa Capital Markets initiated coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

Vistra Stock Performance

Shares of NYSE VST opened at $119.35 on Friday. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The stock has a market capitalization of $40.60 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.12 and a beta of 1.21. 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 stock’s fifty day simple moving average is $148.43 and its 200 day simple moving average is $139.65.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 12.62%.

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.