Deutsche Bank AG Reduces Stake in Vistra Corp. (NYSE:VST)

Deutsche Bank AG cut its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 54.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 568,688 shares of the company's stock after selling 667,062 shares during the period. Deutsche Bank AG owned 0.17% of Vistra worth $78,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VST. Pathway Financial Advisers LLC increased its position in 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 purchasing an additional 154 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Founders Capital Management purchased a new position in shares of Vistra during the fourth quarter valued at about $28,000. West Branch Capital LLC bought a new position in Vistra in the fourth quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra in the fourth quarter worth about $28,000. Institutional investors own 90.88% of the company's stock.

Vistra Trading Down 3.6%

NYSE:VST opened at $135.80 on Monday. The stock has a market cap of $46.19 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.12 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company's 50 day moving average price is $121.68 and its 200-day moving average price is $141.41. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84.

Vistra Increases Dividend

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

Insiders Place Their Bets

In other Vistra 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 transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VST shares. UBS Group increased their target price on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday. BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Finally, Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $166.67.

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.

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