Aquatic Capital Management LLC Increases Stock Holdings in Vistra Corp. (NYSE:VST)

Aquatic Capital Management LLC grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 234.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 175,162 shares of the company's stock after purchasing an additional 122,762 shares during the period. Aquatic Capital Management LLC owned approximately 0.05% of Vistra worth $24,150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Vistra during the 4th quarter worth $409,087,000. Massachusetts Financial Services Co. MA grew its position in Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new stake in Vistra during the 4th quarter worth $286,414,000. Raymond James Financial Inc. bought a new stake in Vistra during the 4th quarter worth $237,441,000. Finally, Appaloosa LP boosted its holdings in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on VST. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target for the company. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered 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. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.17.

Insiders Place Their Bets

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares of the company's stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.

Vistra Stock Down 0.5 %

VST traded down $0.62 during mid-day trading on Wednesday, reaching $128.71. 2,265,857 shares of the stock were exchanged, compared to its average volume of 8,728,618. 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 stock has a market capitalization of $43.78 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a 50 day moving average price of $121.40 and a two-hundred day moving average price of $140.81. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 yield of 0.69%. 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 payout ratio is currently 12.62%.

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.