Fred Alger Management LLC Takes Position in Vistra Corp. (NYSE:VST)

Fred Alger Management LLC bought a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 480,574 shares of the company's stock, valued at approximately $66,257,000. Fred Alger Management LLC owned 0.14% of Vistra at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VST. FWL Investment Management LLC purchased a new position in Vistra in the 4th quarter valued at about $92,000. EP Wealth Advisors LLC lifted its position in shares of Vistra by 1.6% in the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after acquiring an additional 125 shares in the last quarter. Concentric Capital Strategies LP boosted its stake in shares of Vistra by 16.3% in the fourth quarter. Concentric Capital Strategies LP now owns 13,007 shares of the company's stock worth $1,793,000 after acquiring an additional 1,827 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of Vistra by 487.9% during the fourth quarter. CoreCap Advisors LLC now owns 3,645 shares of the company's stock worth $503,000 after purchasing an additional 3,025 shares in the last quarter. Finally, Castle Hook Partners LP raised its stake in Vistra by 13.6% in the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after purchasing an additional 353,949 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Down 3.6 %

Shares of VST traded down $5.11 during midday trading on Friday, hitting $135.80. 5,853,932 shares of the stock were exchanged, compared to its average volume of 7,569,853. The stock has a fifty day simple moving average of $121.68 and a 200 day simple moving average of $141.30. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market cap of $46.19 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.66%. Vistra's dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VST shares. 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 for the company. Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. The Goldman Sachs Group began coverage on Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target for the company. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, UBS Group raised their target price on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $166.67.

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction dated 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 approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.

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.