Vistra Corp. (NYSE:VST) Stock Position Raised by Two Seas Capital LP

Two Seas Capital LP boosted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 379,085 shares of the company's stock after acquiring an additional 126,419 shares during the period. Vistra accounts for about 4.1% of Two Seas Capital LP's investment portfolio, making the stock its 5th largest position. Two Seas Capital LP owned about 0.11% of Vistra worth $52,264,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Vistra during the fourth quarter worth about $409,087,000. Massachusetts Financial Services Co. MA boosted its position in Vistra by 63.6% during the fourth 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 during the last quarter. Capital International Investors acquired a new stake in Vistra during the fourth quarter worth approximately $286,414,000. Raymond James Financial Inc. purchased a new stake in Vistra in the 4th quarter worth approximately $237,441,000. Finally, Appaloosa LP raised its holdings in Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VST shares. UBS Group raised their price objective on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target for the company. JPMorgan Chase & Co. cut their price objective 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. Finally, 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. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $165.83.

Insider Activity

In related news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was bought 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 directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This represents a 76.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 51,063 shares of the company's stock, 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 own 1.42% of the company's stock.

Vistra Stock Down 0.5%

VST opened at $156.60 on Wednesday. The company has a market cap of $53.14 billion, a PE ratio of 29.22, a price-to-earnings-growth 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 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 $126.90 and a 200 day moving average price of $142.73.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Wednesday, June 18th. This is an increase 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.

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