Whittier Trust Co. Boosts Position in Vistra Corp. (NYSE:VST)

Whittier Trust Co. increased its holdings in Vistra Corp. (NYSE:VST) by 1,611.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291 shares of the company’s stock after acquiring an additional 274 shares during the quarter. Whittier Trust Co.’s holdings in Vistra were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in VST. State Street Corp lifted its position in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC boosted its position in Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Appaloosa LP grew its holdings in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after acquiring an additional 1,429,612 shares during the period. Castle Hook Partners LP raised its position in shares of Vistra by 33.5% in the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after acquiring an additional 654,568 shares in the last quarter. Finally, Rubric Capital Management LP lifted its stake in shares of Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 3.4 %

Vistra stock opened at $134.97 on Tuesday. The firm has a market cap of $45.91 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 1.12 and a beta of 1.21. 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 Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The stock has a fifty day simple moving average of $151.19 and a two-hundred day simple moving average of $139.50.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.66%. Vistra’s payout ratio is 12.62%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Daiwa Capital Markets assumed 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. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, BMO Capital Markets lifted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Insider Buying and Selling at Vistra

In other news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing 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 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 sale, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. Company 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.