Bridgefront Capital LLC Decreases Holdings in Vistra Corp. (NYSE:VST)

Bridgefront Capital LLC lessened its holdings in Vistra Corp. (NYSE:VST - Free Report) by 61.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,741 shares of the company's stock after selling 4,281 shares during the period. Bridgefront Capital LLC's holdings in Vistra were worth $378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VST. World Investment Advisors LLC purchased a new position in shares of Vistra during the 3rd quarter valued at about $351,000. Wilmington Savings Fund Society FSB purchased a new stake in Vistra in the 3rd quarter valued at $263,000. Versant Capital Management Inc grew its stake in Vistra by 95.7% during the 4th quarter. Versant Capital Management Inc now owns 321 shares of the company's stock worth $44,000 after purchasing an additional 157 shares in the last quarter. Doliver Advisors LP purchased a new stake in shares of Vistra in the 4th quarter valued at about $236,000. Finally, First Hawaiian Bank purchased a new stake in shares of Vistra during the 4th quarter worth $2,069,000. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on VST shares. UBS Group boosted their price objective on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. The Goldman Sachs Group began coverage on shares of Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 target price for the company. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $166.67.

Vistra Price Performance

VST traded up $9.23 on Monday, hitting $144.98. 3,474,123 shares of the company's stock traded hands, compared to its average volume of 7,554,147. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The company's 50 day simple moving average is $121.68 and its 200-day simple moving average is $141.41. The firm has a market cap of $49.32 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.12 and a beta of 1.16. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 12.77%.

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.