Caas Capital Management LP Makes New $1.27 Million Investment in Vistra Corp. (NYSE:VST)

Caas Capital Management LP purchased a new position in Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 10,830 shares of the company's stock, valued at approximately $1,272,000.

Several other institutional investors also recently added to or reduced their stakes in VST. HM Payson & Co. raised its holdings in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Vistra in the 4th quarter valued at approximately $28,000. Ameriflex Group Inc. bought a new stake in Vistra in the 4th quarter valued at approximately $32,000. Whittier Trust Co. lifted its stake in Vistra by 1,611.8% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company's stock valued at $40,000 after acquiring an additional 274 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Vistra in the 1st quarter valued at approximately $46,000. 90.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VST shares. The Goldman Sachs Group upped their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. UBS Group upped their price objective on Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Raymond James Financial began coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Evercore ISI set a $192.00 price objective on Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $176.92.

Vistra Stock Performance

Shares of NYSE:VST traded up $0.70 during midday trading on Friday, reaching $196.48. 3,712,766 shares of the company traded hands, compared to its average volume of 7,167,814. The firm has a market capitalization of $66.67 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.26. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 6.53. The firm's fifty day moving average price is $170.58 and its two-hundred day moving average price is $150.93. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $200.25.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.46%. Vistra's dividend payout ratio is currently 14.15%.

Insiders Place Their Bets

In other news, Director John R. Sult sold 25,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the transaction, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott B. Helm sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the transaction, the director directly owned 255,192 shares of the company's stock, valued at approximately $44,084,418. This trade represents a 16.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 294,000 shares of company stock worth $47,461,490. 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.