Vistra Corp. (NYSE:VST) Shares Bought by Vident Advisory LLC

Vident Advisory LLC boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 24.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,877 shares of the company's stock after acquiring an additional 15,734 shares during the period. Vident Advisory LLC's holdings in Vistra were worth $10,875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Norges Bank acquired a new position in Vistra during the fourth quarter worth about $409,087,000. Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after buying an additional 2,433,732 shares during the last quarter. Capital International Investors acquired a new position in shares of Vistra in the fourth quarter valued at approximately $286,414,000. Raymond James Financial Inc. acquired a new position in shares of Vistra in the fourth quarter valued at approximately $237,441,000. Finally, Appaloosa LP raised its position in shares of Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after buying an additional 1,429,612 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

Vistra stock opened at $157.33 on Tuesday. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The firm has a 50 day moving average price of $126.12 and a 200 day moving average price of $142.63. The company has a market cap of $53.39 billion, a price-to-earnings ratio of 29.35, a PEG 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.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, June 18th. Vistra's payout ratio is currently 14.15%.

Insiders Place Their Bets

In other Vistra 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 transaction of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, 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. 1.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VST. Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, UBS Group boosted their price objective on shares of Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $165.83.

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.

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