Merewether Investment Management LP Purchases 95,163 Shares of Vistra Corp. (NYSE:VST)

Merewether Investment Management LP lifted its position in Vistra Corp. (NYSE:VST - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 975,142 shares of the company's stock after acquiring an additional 95,163 shares during the period. Vistra accounts for approximately 5.4% of Merewether Investment Management LP's investment portfolio, making the stock its 5th biggest holding. Merewether Investment Management LP owned about 0.29% of Vistra worth $134,443,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Vistra by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after purchasing an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA grew its position in Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the period. Northern Trust Corp grew its position in Vistra by 10.9% during the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock worth $417,261,000 after purchasing an additional 296,714 shares during the period. Norges Bank acquired a new stake in Vistra during the 4th quarter worth about $409,087,000. Finally, Castle Hook Partners LP grew its position in Vistra by 13.6% during the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after purchasing an additional 353,949 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the firm'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 value of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This trade represents a 32.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $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. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Up 7.5%

VST opened at $145.87 on Tuesday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company's 50 day simple moving average is $122.06 and its two-hundred day simple moving average is $141.56. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The firm has a market capitalization of $49.62 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The firm 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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 14.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their target price on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group raised their target price on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group assumed coverage on Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $166.67.

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.

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