Vennlight Capital Management LP Buys New Shares in Vistra Corp. (NYSE:VST)

Vennlight Capital Management LP purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 74,193 shares of the company's stock, valued at approximately $10,229,000. Vistra accounts for about 9.7% of Vennlight Capital Management LP's portfolio, making the stock its 6th biggest position.

Several other hedge funds have also recently bought and sold shares of the stock. Peregrine Asset Advisers Inc. lifted its holdings in Vistra by 3.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock worth $285,000 after purchasing an additional 64 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after buying an additional 65 shares in the last quarter. Galvin Gaustad & Stein LLC boosted its position in shares of Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock valued at $286,000 after acquiring an additional 73 shares during the period. Paloma Partners Management Co increased its position in Vistra by 1.0% during the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock worth $1,103,000 after acquiring an additional 81 shares during the period. Finally, Csenge Advisory Group raised its stake in Vistra by 1.7% in the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock worth $703,000 after purchasing an additional 83 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Morgan Stanley raised their price target on Vistra from $172.00 to $178.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $166.58.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction 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. 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 quarter. Corporate insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of VST traded up $2.35 during mid-day trading on Thursday, reaching $154.42. The company had a trading volume of 4,531,119 shares, compared to its average volume of 7,536,493. The company 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. 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 company's 50 day simple moving average is $127.45 and its 200 day simple moving average is $142.80. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84.

Vistra Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.58%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 14.15%.

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.