State Board of Administration of Florida Retirement System cut its stake in shares of Vistra Corp. (NYSE:VST – Get Rating) by 2.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 498,770 shares of the company’s stock after selling 11,901 shares during the period. State Board of Administration of Florida Retirement System owned 0.12% of Vistra worth $11,397,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Trustcore Financial Services LLC purchased a new stake in Vistra during the 1st quarter worth $27,000. 1832 Asset Management L.P. acquired a new position in Vistra in the 1st quarter worth $35,000. CWM LLC lifted its holdings in Vistra by 256.6% in the 1st quarter. CWM LLC now owns 1,537 shares of the company’s stock worth $36,000 after buying an additional 1,106 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Vistra by 2,324.7% in the 1st quarter. Lazard Asset Management LLC now owns 2,158 shares of the company’s stock worth $50,000 after buying an additional 2,069 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new stake in shares of Vistra in the 1st quarter valued at about $53,000. 92.66% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Vistra news, EVP Scott A. Hudson sold 60,000 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $25.55, for a total value of $1,533,000.00. Following the completion of the transaction, the executive vice president now owns 177,070 shares in the company, valued at approximately $4,524,138.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.47% of the stock is owned by company insiders.
Vistra Trading Down 2.4 %
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Tuesday, December 20th will be paid a dividend of $0.193 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, December 19th. This represents a $0.77 annualized dividend and a yield of 3.28%. Vistra’s dividend payout ratio is -71.84%.
Analyst Ratings Changes
Separately, Morgan Stanley cut their target price on shares of Vistra from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, October 21st.
Vistra Company 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 20 states in the United States and the District of Columbia.
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