OMERS ADMINISTRATION Corp Lowers Position in Vistra Corp. (NYSE:VST)

OMERS ADMINISTRATION Corp cut its stake in Vistra Corp. (NYSE:VST - Free Report) by 30.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,259 shares of the company's stock after selling 10,606 shares during the period. OMERS ADMINISTRATION Corp's holdings in Vistra were worth $3,345,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC boosted its holdings in Vistra by 616.0% in the fourth 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 last quarter. Avior Wealth Management LLC boosted its holdings in Vistra by 56.5% in the fourth 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 last quarter. West Branch Capital LLC bought a new stake in Vistra in the fourth quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA bought a new stake in Vistra in the fourth quarter valued at approximately $28,000. Finally, Tucker Asset Management LLC bought a new stake in Vistra in the fourth quarter valued at approximately $28,000. 90.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on VST. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. Daiwa America upgraded Vistra to a "hold" rating in a report on Wednesday, March 5th. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and cut their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, UBS Group increased their price target on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $166.67.

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 transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is owned by company insiders.

Vistra Stock Up 3.0%

Shares of VST traded up $4.49 during trading hours on Friday, reaching $156.55. The stock had a trading volume of 6,240,577 shares, 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 firm has a 50-day simple moving average of $125.42 and a 200 day simple moving average of $142.12. 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 market capitalization 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is currently 14.15%.

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.