Palidye Holdings Caymans Ltd Invests $149.45 Million in Vistra Corp. (NYSE:VST)

Palidye Holdings Caymans Ltd acquired a new position in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,084,000 shares of the company's stock, valued at approximately $149,451,000. Vistra comprises about 50.8% of Palidye Holdings Caymans Ltd's portfolio, making the stock its biggest position. Palidye Holdings Caymans Ltd owned about 0.32% of Vistra as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lionsbridge Wealth Management LLC purchased a new stake in Vistra during the 4th quarter valued at about $277,000. Dakota Wealth Management purchased a new stake in shares of Vistra during the fourth quarter worth about $231,000. Retirement Systems of Alabama grew its stake in shares of Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock worth $9,361,000 after purchasing an additional 6,920 shares during the last quarter. Legal Advantage Investments Inc. purchased a new position in Vistra during the 4th quarter valued at about $565,000. Finally, Viking Fund Management LLC raised its position in Vistra by 90.0% during the 4th quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock valued at $2,620,000 after purchasing an additional 9,000 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred 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 transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought 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 $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of VST traded up $1.94 during mid-day trading on Friday, reaching $139.24. The stock had a trading volume of 5,609,642 shares, compared to its average volume of 7,906,221. The firm has a market cap of $47.36 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84. The business has a fifty day moving average of $120.90 and a 200 day moving average of $140.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is 12.77%.

Analyst Ratings Changes

A number of brokerages recently commented on VST. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. UBS Group lowered their target price on shares of Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, The Goldman Sachs Group began coverage on shares of Vistra in a research note on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target 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 data from MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.17.

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.