PointState Capital LP Buys 593,585 Shares of Vistra Corp. (NYSE:VST)

PointState Capital LP boosted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 176.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 929,533 shares of the company's stock after purchasing an additional 593,585 shares during the period. Vistra comprises 2.3% of PointState Capital LP's portfolio, making the stock its 15th largest holding. PointState Capital LP owned about 0.27% of Vistra worth $128,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Norges Bank bought a new position in Vistra in the fourth quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA raised its position in Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares during the period. Capital International Investors bought a new position in Vistra in the fourth quarter worth approximately $286,414,000. Raymond James Financial Inc. bought a new position in Vistra in the fourth quarter worth approximately $237,441,000. Finally, Appaloosa LP raised its position in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after acquiring an additional 1,429,612 shares during the period. Institutional investors own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were 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 owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John William Pitesa acquired 1,500 shares of the stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade 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 currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on VST. The Goldman Sachs Group began coverage on shares of Vistra in a research report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Vistra currently has an average rating of "Moderate Buy" and an average price target of $166.67.

Vistra Stock Performance

VST opened at $154.88 on Thursday. The stock has a market capitalization of $52.68 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 1.12 and a beta of 1.16. The company has a fifty day moving average of $123.70 and a 200 day moving average of $141.75. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. 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 business 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 0.58%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is presently 14.15%.

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.

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