First Trust Advisors LP Sells 8,827 Shares of Vistra Corp. (NYSE:VST)

First Trust Advisors LP decreased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,517 shares of the company's stock after selling 8,827 shares during the period. First Trust Advisors LP owned 0.12% of Vistra worth $55,771,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Avior Wealth Management LLC lifted its stake in 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 buying an additional 65 shares during the period. Pathway Financial Advisers LLC boosted its holdings in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Founders Capital Management acquired a new stake in shares of Vistra in the fourth quarter valued at about $28,000. West Branch Capital LLC acquired a new position in Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra in the fourth quarter valued at $28,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. 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 price objective on the stock. Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.17.

Insider Activity at Vistra

In other news, Director John William Pitesa bought 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the director now directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by insiders.

Vistra Stock Up 3.4 %

NYSE VST traded up $4.13 during trading hours on Thursday, hitting $124.13. The company's stock had a trading volume of 5,432,709 shares, compared to its average volume of 7,900,479. 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 company's 50-day simple moving average is $123.72 and its two-hundred day simple moving average is $140.64. The company has a market capitalization of $42.22 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.2235 per share. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.72%. Vistra's dividend payout ratio (DPR) is 12.62%.

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.