Vistra Corp. (NYSE:VST) Shares Sold by Lone Pine Capital LLC

Lone Pine Capital LLC lowered its position in Vistra Corp. (NYSE:VST - Free Report) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,352,965 shares of the company's stock after selling 1,453,326 shares during the quarter. Vistra comprises approximately 5.5% of Lone Pine Capital LLC's investment portfolio, making the stock its 5th biggest holding. Lone Pine Capital LLC owned 1.57% of Vistra worth $738,013,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VST. Avior Wealth Management LLC raised its holdings in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after buying an additional 154 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Vistra in the fourth quarter valued at $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the fourth quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Vistra during the fourth quarter valued at about $28,000. Institutional investors own 90.88% of the company's stock.

Insider Activity

In other news, Director John William Pitesa bought 1,500 shares of the company's stock in a transaction on 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 transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now 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. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VST. Daiwa Capital Markets started coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. UBS Group decreased their target price on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and an average target price of $166.17.

Vistra Stock Up 1.4 %

Shares of NYSE VST traded up $1.94 during mid-day trading on Friday, reaching $139.24. The company had a trading volume of 5,609,615 shares, compared to its average volume of 7,901,829. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market capitalization of $47.36 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.12 and a beta of 1.21. The stock has a fifty day moving average of $120.88 and a two-hundred day moving average of $140.76. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.65%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 12.62%.

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.