111 Capital Takes Position in Vistra Corp. (NYSE:VST)

111 Capital purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,373 shares of the company's stock, valued at approximately $465,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VST. Norges Bank bought a new stake in shares of Vistra during the 4th quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA increased its holdings 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 purchasing an additional 2,433,732 shares during the period. Capital International Investors purchased a new position in Vistra during the 4th quarter worth $286,414,000. Raymond James Financial Inc. purchased a new position in Vistra during the 4th quarter worth $237,441,000. Finally, Appaloosa LP increased its holdings in Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the period. 90.88% of the stock is owned by institutional investors.

Vistra Stock Up 5.1%

NYSE:VST traded up $8.56 during mid-day trading on Tuesday, hitting $176.03. 10,015,922 shares of the company's stock traded hands, compared to its average volume of 7,461,805. The company has a fifty day moving average of $133.62 and a 200 day moving average of $144.55. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The company has a market capitalization of $59.73 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.12 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Daiwa America upgraded Vistra to a "hold" rating in a report on Wednesday, March 5th. UBS Group raised their price objective on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Daiwa Capital Markets started coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and cut their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $169.08.

Insider Activity at Vistra

In other news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the transaction, the executive vice president now directly owns 218,239 shares of the company's stock, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Pitesa acquired 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was purchased 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 directly owns 3,467 shares of the company's stock, 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. Insiders have sold 219,000 shares of company stock valued at $34,532,240 in the last ninety days. Corporate insiders own 1.42% of the company's stock.

Vistra 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.