Tabor Asset Management LP Has $1.56 Million Holdings in Vistra Corp. (NYSE:VST)

Tabor Asset Management LP lowered its stake in Vistra Corp. (NYSE:VST - Free Report) by 56.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,309 shares of the company's stock after selling 14,809 shares during the period. Tabor Asset Management LP's holdings in Vistra were worth $1,559,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Vistra in the 4th quarter valued at about $409,087,000. Massachusetts Financial Services Co. MA boosted its position in shares of 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 acquiring an additional 2,433,732 shares in the last quarter. Capital International Investors bought a new position in Vistra in the fourth quarter valued at approximately $286,414,000. Raymond James Financial Inc. bought a new position in Vistra in the fourth quarter valued at approximately $237,441,000. Finally, Appaloosa LP raised its position in Vistra by 112.5% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. This trade represents a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 152,136 shares of company stock worth $23,087,290 over the last ninety days. Insiders own 1.42% of the company's stock.

Vistra Trading Up 1.5%

Shares of VST stock traded up $2.35 during trading hours on Thursday, hitting $154.42. 4,531,119 shares of the company's stock traded hands, compared to its average volume of 7,532,471. The stock has a market cap of $52.40 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The stock's 50 day simple moving average is $127.45 and its 200 day simple moving average is $142.80. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 14.15%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VST. 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. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. BMO Capital Markets boosted their target price on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. UBS Group increased their target price on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and decreased their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Vistra currently has an average rating of "Moderate Buy" and a consensus price target of $166.58.

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.