Point72 Hong Kong Ltd Takes $7.03 Million Position in Vistra Corp. (NYSE:VST)

Point72 Hong Kong Ltd purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,977 shares of the company's stock, valued at approximately $7,028,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Peregrine Asset Advisers Inc. raised its position in shares of Vistra by 3.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock valued at $285,000 after buying an additional 64 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of 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 buying an additional 65 shares in the last quarter. Galvin Gaustad & Stein LLC raised its position in shares of Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock valued at $286,000 after buying an additional 73 shares in the last quarter. Paloma Partners Management Co raised its position in shares of Vistra by 1.0% in the fourth quarter. Paloma Partners Management Co now owns 8,000 shares of the company's stock valued at $1,103,000 after buying an additional 81 shares in the last quarter. Finally, Csenge Advisory Group raised its position in shares of Vistra by 1.7% in the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock valued at $703,000 after buying an additional 83 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. The trade was a 32.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of NYSE VST traded up $4.49 during midday trading on Friday, reaching $156.55. 6,240,577 shares of the company were exchanged, compared to its average volume of 7,569,984. The stock has a market cap of $53.12 billion, a P/E ratio of 29.21, a PEG ratio of 1.12 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84. The stock's 50-day moving average price is $125.42 and its 200-day moving average price is $142.25.

Vistra Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.57%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

VST has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. UBS Group lifted their price objective on shares of Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.