Mackenzie Financial Corp Lowers Stake in Vistra Corp. (NYSE:VST)

Mackenzie Financial Corp cut its position in Vistra Corp. (NYSE:VST - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,496 shares of the company's stock after selling 3,381 shares during the period. Mackenzie Financial Corp's holdings in Vistra were worth $4,067,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of VST. Norges Bank purchased a new stake in shares of Vistra in the 4th quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 63.6% in 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 buying an additional 2,433,732 shares during the last quarter. Capital International Investors purchased a new position in shares of Vistra in the 4th quarter valued at $286,414,000. Raymond James Financial Inc. purchased a new position in shares of Vistra in the 4th quarter valued at $237,441,000. Finally, Appaloosa LP grew its position in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after buying an additional 1,429,612 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

Vistra stock traded up $0.61 during midday trading on Friday, hitting $160.34. 5,295,934 shares of the company's stock were exchanged, compared to its average volume of 7,505,221. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a market cap of $54.41 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The firm's 50 day simple moving average is $131.61 and its 200 day simple moving average is $144.10.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 14.15%.

Analysts Set New Price Targets

A number of research firms recently commented on VST. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. Evercore ISI set a $192.00 target price on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. UBS Group increased their target price on shares of Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $169.08.

Insider Transactions at Vistra

In other news, EVP Stephanie Zapata Moore sold 35,000 shares of the firm's stock in a transaction 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 now owns 88,073 shares in the company, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now owns 51,063 shares of the company's stock, valued at $6,341,513.97. This trade represents a 32.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 243,136 shares of company stock worth $37,529,690. Company 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.