Vanguard Group Inc. Decreases Holdings in Vistra Corp. (NYSE:VST)

Vanguard Group Inc. trimmed its position in shares of Vistra Corp. (NYSE:VST) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,367,228 shares of the company’s stock after selling 371,545 shares during the period. Vanguard Group Inc. owned about 12.75% of Vistra worth $5,979,040,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Lionsbridge Wealth Management LLC purchased a new position in Vistra in the 4th quarter worth approximately $277,000. Dakota Wealth Management purchased a new position in Vistra in the 4th quarter worth approximately $231,000. Retirement Systems of Alabama increased its stake in Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares during the period. First Sabrepoint Capital Management LP purchased a new position in Vistra in the 3rd quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new position in Vistra in the 4th quarter worth approximately $565,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VST has been the topic of a number of analyst reports. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Finally, Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.83.

Vistra Trading Down 0.9 %

Vistra stock opened at $130.75 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business’s fifty day simple moving average is $151.74 and its two-hundred day simple moving average is $139.08. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The company has a market capitalization of $44.47 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently announced 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 yield of 0.68%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is 12.62%.

Insiders Place Their Bets

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate 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.