Interval Partners LP Takes $417,000 Position in Vistra Corp. (NYSE:VST)

Interval Partners LP bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,024 shares of the company's stock, valued at approximately $417,000.

A number of other large investors also recently added to or reduced their stakes in VST. Lionsbridge Wealth Management LLC purchased a new stake in Vistra during the 4th quarter valued at about $277,000. Dakota Wealth Management purchased a new stake in shares of Vistra in the fourth quarter valued at approximately $231,000. Legal Advantage Investments Inc. acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $565,000. Viking Fund Management LLC increased its holdings in shares of Vistra by 90.0% in the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock valued at $2,620,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in Vistra by 201.1% during the fourth quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company's stock worth $760,000 after buying an additional 3,682 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VST has been the subject of a number of recent research reports. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. BMO Capital Markets raised their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. UBS Group upped their price objective on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group began coverage on Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 target price for the company. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus price target of $166.67.

Insiders Place Their Bets

In related news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated 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 transaction, the director now 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. 1.42% of the stock is owned by company insiders.

Vistra Trading Up 3.0%

Shares of VST stock traded up $4.49 on Friday, hitting $156.55. The stock had a trading volume of 6,240,577 shares, compared to its average volume of 7,557,746. The company's 50 day moving average price is $124.58 and its 200-day moving average price is $141.92. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The firm has a market capitalization of $53.25 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.12 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio is presently 14.15%.

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.