Man Group plc Sells 324,148 Shares of Vistra Corp. (NYSE:VST)

Man Group plc reduced its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 578,786 shares of the company's stock after selling 324,148 shares during the period. Man Group plc owned 0.17% of Vistra worth $79,797,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VST. Avior Wealth Management LLC lifted its position in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after acquiring an additional 65 shares during the period. Pathway Financial Advisers LLC lifted its position in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares during the period. West Branch Capital LLC purchased a new position in Vistra during the 4th quarter valued at about $28,000. Comprehensive Financial Planning Inc. PA purchased a new position in Vistra during the 4th quarter valued at about $28,000. Finally, Tucker Asset Management LLC purchased a new position in Vistra during the 4th quarter valued at about $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Performance

Shares of VST traded up $4.49 during mid-day trading on Friday, hitting $156.55. 6,240,577 shares of the company traded hands, compared to its average volume of 7,564,041. 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 stock has a 50-day moving average price of $125.42 and a two-hundred day moving average price of $142.12. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The stock has a market cap of $53.25 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.57%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's payout ratio is presently 14.15%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 target price for the company. UBS Group lifted their target price on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Daiwa Capital Markets assumed coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. BMO Capital Markets lifted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price for the company. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.67.

Insider Activity

In related news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction that occurred 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 sale, the director now directly 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 filing with the SEC, which can be accessed through the SEC website. Also, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price 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 $439,442.25. This trade represents a 76.26% increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by corporate insiders.

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.