First Sabrepoint Capital Management LP Reduces Position in Vistra Corp. (NYSE:VST)

First Sabrepoint Capital Management LP trimmed its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 56.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 65,000 shares of the company's stock after selling 85,000 shares during the quarter. Vistra comprises about 2.4% of First Sabrepoint Capital Management LP's holdings, making the stock its 12th biggest holding. First Sabrepoint Capital Management LP's holdings in Vistra were worth $8,962,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VST. Fred Alger Management LLC purchased a new position in shares of Vistra during the fourth quarter worth approximately $66,257,000. FWL Investment Management LLC purchased a new stake in Vistra in the fourth quarter valued at $92,000. EP Wealth Advisors LLC boosted its holdings in Vistra by 1.6% in the fourth quarter. EP Wealth Advisors LLC now owns 7,980 shares of the company's stock valued at $1,100,000 after purchasing an additional 125 shares during the last quarter. Concentric Capital Strategies LP raised its position in shares of Vistra by 16.3% in the fourth quarter. Concentric Capital Strategies LP now owns 13,007 shares of the company's stock worth $1,793,000 after acquiring an additional 1,827 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Vistra by 487.9% during the 4th quarter. CoreCap Advisors LLC now owns 3,645 shares of the company's stock worth $503,000 after purchasing an additional 3,025 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction dated 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 sale, the director now owns 51,063 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VST. The Goldman Sachs Group initiated coverage on shares of Vistra in a report on Friday, April 4th. They set a "neutral" rating and a $134.00 price target for the company. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. UBS Group raised their price objective on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target 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. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and an average target price of $166.67.

Vistra Stock Performance

NYSE VST traded down $5.11 during trading on Friday, reaching $135.80. The company's stock had a trading volume of 5,853,932 shares, compared to its average volume of 7,569,853. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a 50 day moving average price of $121.68 and a 200 day moving average price of $141.41.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 0.66%. Vistra's dividend payout ratio is 12.77%.

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.