Newbrook Capital Advisors LP Purchases Shares of 177,864 Vistra Corp. (NYSE:VST)

Newbrook Capital Advisors LP purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 177,864 shares of the company's stock, valued at approximately $24,522,000. Vistra makes up about 3.1% of Newbrook Capital Advisors LP's investment portfolio, making the stock its 17th biggest position. Newbrook Capital Advisors LP owned 0.05% of Vistra as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC increased its position in shares of 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 purchasing an additional 154 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of 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 purchasing an additional 65 shares during the last quarter. West Branch Capital LLC bought a new position in shares of Vistra during the 4th quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra during the 4th quarter valued at approximately $28,000. Finally, Tucker Asset Management LLC bought a new position in shares of Vistra during the 4th quarter valued at approximately $28,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

Shares of NYSE:VST traded up $4.49 during trading on Friday, hitting $156.55. 6,240,577 shares of the stock were exchanged, compared to its average volume of 7,564,041. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a fifty day moving average price of $125.42 and a two-hundred day moving average price of $142.12. The company has a market cap of $53.25 billion, a PE ratio of 29.21, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.57%. This is an increase 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 is presently 14.15%.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on 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 sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VST. JPMorgan Chase & Co. dropped their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. UBS Group upped their target price on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Daiwa America upgraded Vistra to a "hold" rating in a report on Wednesday, March 5th. BMO Capital Markets upped their target price on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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.