UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in Vistra Corp. (NYSE:VST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,352,450 shares of the company's stock after buying an additional 161,743 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.40% of Vistra worth $186,462,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Dakota Wealth Management bought a new stake in shares of Vistra during the fourth quarter valued at approximately $231,000. Perigon Wealth Management LLC boosted its position in shares of Vistra by 201.1% during the fourth quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company's stock valued at $760,000 after purchasing an additional 3,682 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of Vistra by 52.3% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 15,198 shares of the company's stock valued at $2,129,000 after purchasing an additional 5,219 shares in the last quarter. KBC Group NV boosted its position in shares of Vistra by 14.2% during the fourth quarter. KBC Group NV now owns 29,475 shares of the company's stock valued at $4,064,000 after purchasing an additional 3,673 shares in the last quarter. Finally, Five Oceans Advisors bought a new stake in shares of Vistra during the fourth quarter valued at approximately $213,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VST has been the topic of several analyst reports. JPMorgan Chase & Co. dropped 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 America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Morgan Stanley boosted their target price on Vistra from $172.00 to $178.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group boosted their price target on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $166.58.

Vistra Stock Performance

Shares of VST opened at $154.42 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business has a 50-day simple moving average of $128.02 and a two-hundred day simple moving average of $143.06. The stock has a market cap of $52.40 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a $0.225 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.58%. Vistra's dividend payout ratio is presently 14.15%.

Insiders Place Their Bets

In other news, EVP Carrie Lee Kirby sold 108,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 218,239 shares of the company's stock, valued at $34,259,158.22. This represents a 33.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the sale, the executive vice president now owns 306,600 shares in the company, valued at $48,136,200. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,136 shares of company stock worth $31,879,290 over the last quarter. 1.42% of the stock is currently owned by corporate insiders.

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.

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