Convergence Investment Partners LLC Grows Stock Holdings in Vistra Corp. (NYSE:VST)

Convergence Investment Partners LLC boosted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 401.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,965 shares of the company's stock after acquiring an additional 30,398 shares during the period. Convergence Investment Partners LLC's holdings in Vistra were worth $1,462,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC bought a new position in shares of Vistra in the third quarter worth about $268,000. State of Alaska Department of Revenue purchased a new stake in Vistra during the 3rd quarter valued at approximately $1,362,000. Asset Management One Co. Ltd. raised its position in shares of Vistra by 22.7% during the third quarter. Asset Management One Co. Ltd. now owns 166,025 shares of the company's stock valued at $5,509,000 after buying an additional 30,712 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Vistra by 33.6% in the third quarter. Commonwealth Equity Services LLC now owns 27,240 shares of the company's stock worth $904,000 after buying an additional 6,849 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Vistra by 45.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 70,717 shares of the company's stock worth $2,346,000 after acquiring an additional 22,217 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on VST. Evercore ISI increased their price objective on shares of Vistra from $72.00 to $79.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. Janney Montgomery Scott initiated coverage on Vistra in a research note on Thursday, April 18th. They set a "buy" rating and a $82.00 price target for the company. BMO Capital Markets lifted their price objective on Vistra from $52.00 to $60.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $78.00 price objective on shares of Vistra in a report on Monday, March 25th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $67.20.

Vistra Trading Up 0.3 %

NYSE VST traded up $0.22 during trading hours on Friday, hitting $72.70. 3,583,116 shares of the company were exchanged, compared to its average volume of 5,429,101. Vistra Corp. has a 52 week low of $22.67 and a 52 week high of $75.89. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The stock has a 50-day moving average price of $63.63 and a 200 day moving average price of $46.65. The stock has a market cap of $25.29 billion, a PE ratio of 20.31 and a beta of 1.05.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($1.02). Vistra had a return on equity of 20.05% and a net margin of 10.10%. The company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $5.48 billion. Analysts forecast that Vistra Corp. will post 3.57 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Vistra's previous quarterly dividend of $0.21. Vistra's dividend payout ratio (DPR) is 24.02%.

Insider Buying and Selling

In other news, EVP Carrie Lee Kirby sold 72,748 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the transaction, the executive vice president now owns 184,201 shares of the company's stock, valued at $11,536,508.63. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the sale, the executive vice president now directly owns 184,201 shares in the company, valued at $11,536,508.63. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 86,517 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the completion of the transaction, the executive vice president now owns 254,932 shares in the company, valued at $15,069,030.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,285 shares of company stock valued at $15,404,397. Company insiders own 1.42% of the company's stock.

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.