Toronto Dominion Bank Raises Position in Vistra Corp. (NYSE:VST)

Toronto Dominion Bank boosted its stake in Vistra Corp. (NYSE:VST - Free Report) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,668 shares of the company's stock after purchasing an additional 43,323 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Vistra worth $26,287,000 as of its most recent filing with the Securities & Exchange Commission.

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

Vistra Trading Up 1.5%

Shares of NYSE VST traded up $2.35 during trading hours on Thursday, hitting $154.42. The company's stock had a trading volume of 4,531,119 shares, compared to its average volume of 7,532,433. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The stock has a market cap 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. 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 business has a 50-day simple moving average of $127.45 and a 200-day simple moving average of $142.80.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This is a positive change 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%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. UBS Group boosted their target price on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. BMO Capital Markets lifted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Daiwa America upgraded 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 stock. Based on data from MarketBeat, Vistra has an average rating of "Moderate Buy" and a consensus price target of $166.58.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was 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 owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the sale, the executive vice president now directly owns 218,239 shares in the company, valued at approximately $34,259,158.22. The trade was a 33.10% decrease in their ownership of the stock. 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. 1.42% of the stock is owned by company insiders.

About Vistra

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.