Picton Mahoney Asset Management Sells 4,909 Shares of Vistra Corp. (NYSE:VST)

Picton Mahoney Asset Management reduced its stake in Vistra Corp. (NYSE:VST) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,434 shares of the company’s stock after selling 4,909 shares during the quarter. Picton Mahoney Asset Management’s holdings in Vistra were worth $12,330,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of VST. Lionsbridge Wealth Management LLC purchased a new position in Vistra in the fourth quarter worth about $277,000. Dakota Wealth Management bought a new stake in shares of Vistra during the fourth quarter valued at approximately $231,000. Retirement Systems of Alabama increased its holdings in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares during the period. First Sabrepoint Capital Management LP purchased a new position in Vistra during the third quarter valued at approximately $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new position in Vistra during the fourth quarter valued at approximately $565,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction 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 of the company’s stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This 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.

Vistra Trading Up 5.4 %

Shares of Vistra stock opened at $124.42 on Friday. Vistra Corp. has a 52-week low of $60.73 and a 52-week high of $199.84. 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 company’s 50-day simple moving average is $155.96 and its 200-day simple moving average is $136.40. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 12.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and decreased their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. 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 target price for the company. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Finally, 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 report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $162.83.

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.