Voloridge Investment Management LLC Acquires 117,830 Shares of Vistra Corp. (NYSE:VST)

Voloridge Investment Management LLC raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 722.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,132 shares of the company's stock after buying an additional 117,830 shares during the period. Voloridge Investment Management LLC's holdings in Vistra were worth $18,493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Grassi Investment Management bought a new position in shares of Vistra during the fourth quarter worth approximately $383,000. UMB Bank n.a. increased its stake in shares of Vistra by 116.9% during the fourth quarter. UMB Bank n.a. now owns 898 shares of the company's stock worth $124,000 after purchasing an additional 484 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Vistra by 56.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 967 shares of the company's stock worth $133,000 after purchasing an additional 350 shares during the period. Ballentine Partners LLC increased its stake in shares of Vistra by 8.3% during the fourth quarter. Ballentine Partners LLC now owns 2,786 shares of the company's stock worth $384,000 after purchasing an additional 213 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of Vistra by 12.8% during the fourth quarter. Atomi Financial Group Inc. now owns 2,357 shares of the company's stock worth $325,000 after purchasing an additional 267 shares during the period. Institutional investors own 90.88% of the company's stock.

Vistra Trading Up 1.5%

NYSE 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. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The company has a market cap of $52.40 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The business's fifty day moving average is $128.02 and its 200 day moving average is $143.06.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.58%. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Activity at Vistra

In related news, EVP Carrie Lee Kirby sold 108,000 shares of the firm's stock in a transaction 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 owns 218,239 shares of the company's stock, valued at $34,259,158.22. This trade represents a 33.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 208,136 shares of company stock valued at $31,879,290 in the last 90 days. 1.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley increased their target price on Vistra from $172.00 to $178.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Bank of America upgraded 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 research note on Tuesday, March 4th. Finally, The Goldman Sachs Group assumed coverage on Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Vistra has a consensus rating of "Moderate Buy" and an average price target of $166.58.

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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