Wexford Capital LP Makes New Investment in Vistra Corp. (NYSE:VST)

Wexford Capital LP bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,441 shares of the company's stock, valued at approximately $888,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming purchased a new stake in Vistra in the 4th quarter worth approximately $58,000. Toronto Dominion Bank grew its stake in shares of Vistra by 29.4% during the 4th quarter. Toronto Dominion Bank now owns 190,668 shares of the company's stock valued at $26,287,000 after buying an additional 43,323 shares during the period. Snowden Capital Advisors LLC grew its stake in shares of Vistra by 63.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,073 shares of the company's stock valued at $837,000 after buying an additional 2,361 shares during the period. Shay Capital LLC purchased a new stake in shares of Vistra during the 4th quarter valued at $773,000. Finally, Shell Asset Management Co. grew its stake in shares of Vistra by 14.2% during the 4th quarter. Shell Asset Management Co. now owns 10,772 shares of the company's stock valued at $1,485,000 after buying an additional 1,341 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

NYSE:VST opened at $156.55 on Monday. The firm's fifty day simple moving average is $125.42 and its 200 day simple moving average is $142.37. The firm has a market capitalization of $53.12 billion, a PE ratio of 29.21, a PEG ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The company also recently declared 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. This represents a $0.90 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is currently 14.15%.

Analyst Upgrades and Downgrades

VST has been the subject of several research reports. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. The Goldman Sachs Group started coverage on shares of Vistra in a report on Friday, April 4th. They set a "neutral" rating and a $134.00 target price on the stock. Finally, Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $166.67.

Insiders Place Their Bets

In related news, Director John William Pitesa bought 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost 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 in the company, valued at approximately $439,442.25. The trade was a 76.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

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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