GAMMA Investing LLC Has $74.40 Million Stock Position in Vistra Corp. (NYSE:VST)

GAMMA Investing LLC boosted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 10,810.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 633,471 shares of the company's stock after buying an additional 627,665 shares during the period. GAMMA Investing LLC owned 0.19% of Vistra worth $74,395,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of VST. Caprock Group LLC raised its position in Vistra by 37.0% in the fourth quarter. Caprock Group LLC now owns 3,329 shares of the company's stock valued at $459,000 after purchasing an additional 899 shares during the period. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Vistra in the 4th quarter valued at approximately $1,241,000. DAVENPORT & Co LLC lifted its stake in Vistra by 58.9% during the 4th quarter. DAVENPORT & Co LLC now owns 14,754 shares of the company's stock worth $2,034,000 after acquiring an additional 5,467 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Vistra by 7.0% in the fourth quarter. Greenleaf Trust now owns 17,462 shares of the company's stock valued at $2,407,000 after purchasing an additional 1,149 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Vistra in the fourth quarter valued at approximately $4,565,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

VST has been the topic of several analyst reports. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. UBS Group upped their target price on shares of Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $178.00 price target (up previously from $172.00) on shares of Vistra in a research report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $169.08.

Vistra Stock Performance

Shares of Vistra stock traded down $1.89 during trading on Thursday, hitting $170.80. 4,275,279 shares of the stock were exchanged, compared to its average volume of 7,425,655. 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 Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The stock's fifty day moving average is $134.69 and its 200 day moving average is $144.74. The stock has a market cap of $57.96 billion, a PE ratio of 31.87, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a $0.225 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.53%. Vistra's dividend payout ratio is 14.15%.

Insider Activity at Vistra

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $156.80, for a total value of $3,136,000.00. Following the completion of the sale, the director now owns 325,192 shares in the company, valued at $50,990,105.60. This represents a 5.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Insiders sold 219,000 shares of company stock valued at $34,532,240 over the last 90 days. 1.42% of the stock is currently owned by corporate insiders.

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.