Hancock Whitney Corp Sells 7,714 Shares of Vistra Corp. (NYSE:VST)

Hancock Whitney Corp decreased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 212,714 shares of the company's stock after selling 7,714 shares during the quarter. Vistra comprises approximately 0.9% of Hancock Whitney Corp's investment portfolio, making the stock its 17th biggest holding. Hancock Whitney Corp owned about 0.06% of Vistra worth $29,327,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Peregrine Asset Advisers Inc. raised its holdings in shares of Vistra by 3.2% during the fourth 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 raised its stake in shares of Vistra by 56.5% in the 4th 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 boosted its position 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 worth $286,000 after buying an additional 73 shares during the period. 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 shares of Vistra by 3.5% during the fourth 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. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Up 6.5 %

NYSE:VST opened at $119.91 on Thursday. The company has a 50-day moving average price of $124.59 and a 200-day moving average price of $140.69. The stock has a market cap of $40.79 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.75%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. Vistra's payout ratio is presently 12.62%.

Wall Street Analyst Weigh In

Several analysts have issued reports on VST shares. 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 price target on the stock. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, UBS Group decreased their target price on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.17.

Insiders Place Their Bets

In other news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

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.

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