Picton Mahoney Asset Management Has $8.04 Million Position in Vistra Corp. (NYSE:VST)

Key Points

• Picton Mahoney Asset Management reduced its stake in Vistra Corp. by 23.4%, holding 68,475 shares valued at approximately $8.04 million after selling 20,959 shares in the first quarter.
• Vistra recently increased its quarterly dividend to $0.225, reflecting a yield of 0.46% and a dividend payout ratio of 14.15%.
• Analysts have given Vistra Corp. a consensus rating of "Moderate Buy" with an average price target of $178.69, reflecting increasing interest from institutional investors.

Picton Mahoney Asset Management lowered its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 23.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 68,475 shares of the company's stock after selling 20,959 shares during the period. Picton Mahoney Asset Management's holdings in Vistra were worth $8,041,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in VST. Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 63.6% during the fourth 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 acquired a new position in Vistra in the fourth quarter worth about $286,414,000. Palidye Holdings Caymans Ltd acquired a new position in Vistra in the fourth quarter worth about $149,451,000. D1 Capital Partners L.P. acquired a new position in Vistra in the fourth quarter worth about $92,649,000. Finally, Bridgewater Associates LP raised its position in Vistra by 58.9% in the fourth quarter. Bridgewater Associates LP now owns 1,773,499 shares of the company's stock worth $244,512,000 after purchasing an additional 657,217 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

Shares of VST stock opened at $196.09 on Tuesday. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $207.12. The stock has a market cap of $66.54 billion, a PE ratio of 30.83, a PEG ratio of 2.27 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. The firm's 50 day moving average price is $180.28 and its two-hundred day moving average price is $153.99.

Vistra Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VST shares. Raymond James Financial started coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Morgan Stanley raised their price objective on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group raised their price objective on shares of Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, UBS Group raised their price objective on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Vistra has a consensus rating of "Moderate Buy" and an average target price of $178.69.

Insider Transactions at Vistra

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

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.

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