Diametric Capital LP Buys Shares of 1,663 Vistra Corp. (NYSE:VST)

Diametric Capital LP purchased a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,663 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC boosted its position in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of Vistra by 56.5% during the 4th 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 last quarter. Founders Capital Management bought a new stake in Vistra during the fourth quarter valued at about $28,000. West Branch Capital LLC purchased a new position in Vistra in the fourth quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Vistra in the fourth quarter worth about $28,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Trading Up 3.9 %

Vistra stock opened at $122.01 on Wednesday. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The stock has a 50-day moving average price of $145.05 and a 200 day moving average price of $141.35. 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 has a market capitalization of $41.50 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a $0.2235 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 12.62%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VST. UBS Group lifted their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Finally, Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.50.

Insider Buying and Selling

In related news, Director John William Pitesa bought 1,500 shares of the company’s 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 directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra 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 transaction, the director now 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 currently owned by corporate insiders.

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 states in the United States and the District of Columbia.