Federated Hermes Inc. Cuts Position in Vistra Corp. (NYSE:VST)

Federated Hermes Inc. trimmed its position in Vistra Corp. (NYSE:VST - Free Report) by 31.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,977 shares of the company's stock after selling 263,587 shares during the period. Federated Hermes Inc. owned approximately 0.17% of Vistra worth $78,591,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in VST. Avior Wealth Management LLC raised its position in shares of Vistra by 56.5% during the fourth 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 holdings in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management bought a new position in Vistra in the 4th quarter valued at about $28,000. West Branch Capital LLC acquired a new position in Vistra during the 4th quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra during the 4th quarter worth approximately $28,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on VST shares. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. UBS Group increased their target price on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Vistra in a research note on Friday, April 4th. They issued a "neutral" rating and a $134.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $161.23.

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Vistra Stock Performance

Shares of VST stock traded down $7.65 during trading on Thursday, reaching $110.37. 4,831,853 shares of the company's stock traded hands, compared to its average volume of 9,394,630. The firm's 50-day moving average is $135.49 and its 200 day moving average is $141.42. The company has a market capitalization of $37.54 billion, a P/E ratio of 20.58, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1 year low of $64.26 and a 1 year high of $199.84. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a $0.2235 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Insider Activity

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction dated 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 directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

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.