Goodlander Investment Management LLC Acquires Shares of 140,000 Vistra Corp. (NYSE:VST)

Goodlander Investment Management LLC bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 140,000 shares of the company's stock, valued at approximately $19,302,000. Vistra comprises about 14.5% of Goodlander Investment Management LLC's investment portfolio, making the stock its 2nd largest position.

A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after buying an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Vistra by 63.6% in 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. Northern Trust Corp boosted its stake in Vistra by 10.9% in the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock valued at $417,261,000 after acquiring an additional 296,714 shares during the period. Norges Bank acquired a new position in Vistra in the fourth quarter valued at approximately $409,087,000. Finally, Castle Hook Partners LP grew its holdings in shares of Vistra by 13.6% during the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock valued at $408,677,000 after purchasing an additional 353,949 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Down 3.6 %

Shares of VST stock opened at $135.80 on Friday. The stock has a 50-day simple moving average of $121.68 and a 200 day simple moving average of $141.20. The stock has a market capitalization of $46.19 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.12 and a beta of 1.16. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. 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 Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.66%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director John William Pitesa bought 1,500 shares of the business'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 transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This 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 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.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.