Quantedge Capital Pte Ltd Sells 27,100 Shares of Vistra Corp. (NYSE:VST)

Quantedge Capital Pte Ltd lowered its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 92.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,100 shares of the company's stock after selling 27,100 shares during the quarter. Quantedge Capital Pte Ltd's holdings in Vistra were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP boosted its stake in Vistra by 22.7% in the 4th quarter. Quantinno Capital Management LP now owns 28,310 shares of the company's stock worth $3,903,000 after purchasing an additional 5,236 shares during the period. Panoramic Capital LLC bought a new stake in Vistra in the fourth quarter worth $1,379,000. Mufg Securities Americas Inc. bought a new stake in Vistra in the fourth quarter worth $693,000. Newbrook Capital Advisors LP purchased a new stake in shares of Vistra during the fourth quarter valued at $24,522,000. Finally, Night Owl Capital Management LLC boosted its stake in shares of Vistra by 3.5% during the fourth quarter. Night Owl Capital Management LLC now owns 206,695 shares of the company's stock valued at $28,497,000 after purchasing an additional 7,022 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity

In other news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents 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 bought 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, for a total transaction 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. Company insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of VST stock opened at $154.88 on Thursday. The stock has a fifty day moving average price of $123.70 and a 200 day moving average price of $141.75. The stock has a market cap of $52.68 billion, a PE ratio of 28.90, a P/E/G ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 1 year low of $66.50 and a 1 year 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 14.15%.

Wall Street Analyst Weigh In

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

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