Vistra Corp. (NYSE:VST) Shares Acquired by Investment Management Corp of Ontario

Investment Management Corp of Ontario lifted its position in Vistra Corp. (NYSE:VST - Free Report) by 34.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,626 shares of the company's stock after acquiring an additional 12,146 shares during the period. Investment Management Corp of Ontario's holdings in Vistra were worth $6,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its stake in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after buying an additional 65 shares during the period. Pathway Financial Advisers LLC grew its position in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Founders Capital Management purchased a new stake in Vistra in the fourth quarter valued at $28,000. West Branch Capital LLC purchased a new stake in Vistra in the fourth quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Vistra in the 4th quarter valued at $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on VST shares. UBS Group boosted their price objective on shares of Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. BMO Capital Markets lifted 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. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $166.67.

Vistra Stock Down 1.1%

NYSE VST traded down $1.72 during trading hours on Wednesday, hitting $153.28. 1,543,122 shares of the company were exchanged, compared to its average volume of 7,554,508. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market cap of $52.14 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.12 and a beta of 1.16. The company has a 50 day moving average of $122.88 and a two-hundred day moving average of $141.66. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.59%. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction on 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 completion of the transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired 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 in the company, 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. 1.42% of the stock is owned by insiders.

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.