Quantessence Capital LLC Makes New $657,000 Investment in Vistra Corp. (NYSE:VST)

Quantessence Capital LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,763 shares of the company's stock, valued at approximately $657,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew its holdings in shares of 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 boosted its position in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Founders Capital Management purchased a new position in Vistra in the fourth quarter valued at about $28,000. West Branch Capital LLC acquired a new position in Vistra in the 4th quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Vistra during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VST shares. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective 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. UBS Group lowered their target price on shares of Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average target price of $166.17.

Vistra Stock Performance

NYSE VST traded up $2.47 during midday trading on Friday, hitting $126.70. The company had a trading volume of 4,319,798 shares, compared to its average volume of 7,897,962. The firm has a fifty day simple moving average of $122.87 and a two-hundred day simple moving average of $140.63. The stock has a market cap of $43.10 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84.

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 issued a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Insider Activity

In related news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This represents 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.

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.