6,529 Shares in Vistra Corp. (NYSE:VST) Acquired by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,529 shares of the company's stock, valued at approximately $900,000.

Several other institutional investors and hedge funds have also modified their holdings of VST. Norges Bank acquired a new position in Vistra during the 4th quarter worth $409,087,000. Massachusetts Financial Services Co. MA lifted 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 worth $863,116,000 after buying an additional 2,433,732 shares in the last quarter. Capital International Investors bought a new stake in shares of Vistra during the 4th quarter valued at $286,414,000. Raymond James Financial Inc. bought a new stake in shares of Vistra during the 4th quarter valued at $237,441,000. Finally, Appaloosa LP raised its position in shares of 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 acquiring an additional 1,429,612 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on VST. 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. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, UBS Group increased their price target on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $166.58.

Vistra Stock Up 1.5%

NYSE VST traded up $2.35 during trading hours on Thursday, hitting $154.42. 4,531,119 shares of the company traded hands, compared to its average volume of 7,536,493. The business's 50-day moving average is $127.45 and its 200-day moving average is $142.80. Vistra Corp. has a twelve month low of $66.50 and a twelve 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 capitalization of $52.40 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.225 per share. The ex-dividend date is 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 0.58%. Vistra's dividend payout ratio is 14.15%.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 218,239 shares in the company, valued at $34,259,158.22. This trade represents a 33.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This trade represents a 32.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,136 shares of company stock worth $23,087,290 over the last 90 days. Company insiders own 1.42% of the company's stock.

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.