Investment Partners LTD. Takes $299,000 Position in Vistra Corp. (NYSE:VST)

Investment Partners LTD. bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,550 shares of the company's stock, valued at approximately $299,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Vistra during the 4th quarter valued at about $409,087,000. Massachusetts Financial Services Co. MA grew 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 valued at $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new position in Vistra during the 4th quarter valued at about $286,414,000. Appaloosa LP grew its holdings in Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. Finally, Palidye Holdings Caymans Ltd bought a new position in Vistra during the 4th quarter valued at about $149,451,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. This represents a 28.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.98, for a total transaction of $16,953,840.00. Following the completion of the sale, the executive vice president directly owned 218,239 shares of the company's stock, valued at $34,259,158.22. The trade was a 33.10% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock worth $47,461,490. Insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of VST opened at $193.73 on Tuesday. The company has a 50 day moving average price of $165.70 and a 200-day moving average price of $149.58. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. The stock has a market capitalization of $65.74 billion, a PE ratio of 30.46, a PEG ratio of 2.26 and a beta of 1.26. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 14.15%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Evercore ISI set a $192.00 price target on shares of Vistra and gave the company an "outperform" rating in a report on Thursday, May 15th. UBS Group boosted their price objective on shares of Vistra from $160.00 to $207.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Morgan Stanley boosted their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. Raymond James Financial assumed coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Three 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $176.92.

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.

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