Quarry LP Trims Stake in Vistra Corp. (NYSE:VST)

Quarry LP decreased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 26.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,378 shares of the company's stock after selling 7,762 shares during the quarter. Vistra comprises about 0.4% of Quarry LP's investment portfolio, making the stock its 28th biggest holding. Quarry LP's holdings in Vistra were worth $2,947,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of Vistra in the third quarter worth $631,000. Virtu Financial LLC purchased a new position in shares of Vistra in the third quarter worth $1,466,000. Fulcrum Equity Management increased its position in Vistra by 2.8% during the third quarter. Fulcrum Equity Management now owns 13,549 shares of the company's stock valued at $1,606,000 after acquiring an additional 364 shares during the last quarter. Pine Valley Investments Ltd Liability Co purchased a new stake in Vistra during the third quarter valued at $208,000. Finally, World Investment Advisors LLC purchased a new stake in Vistra during the third quarter valued at $351,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

VST has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group initiated coverage on Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective for the company. Daiwa Capital Markets began coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. BMO Capital Markets boosted their price target on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Finally, UBS Group cut their price target on Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus target price of $166.17.

Insider Activity at Vistra

In other news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares in the company, 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. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

VST traded down $0.34 on Tuesday, reaching $129.28. The stock had a trading volume of 4,283,256 shares, compared to its average volume of 7,897,143. The company has a market cap of $43.98 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The business's 50-day moving average price is $121.40 and its two-hundred day moving average price is $140.81. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 12.62%.

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.