Redwood Investment Management LLC Sells 51,310 Shares of Vistra Corp. (NYSE:VST)

Redwood Investment Management LLC lessened its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 79.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,567 shares of the company's stock after selling 51,310 shares during the quarter. Redwood Investment Management LLC's holdings in Vistra were worth $1,870,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lionsbridge Wealth Management LLC bought a new stake in shares of Vistra in the 4th quarter worth approximately $277,000. Dakota Wealth Management acquired a new position in Vistra in the fourth quarter worth approximately $231,000. Legal Advantage Investments Inc. bought a new position in shares of Vistra in the fourth quarter valued at $565,000. Viking Fund Management LLC increased its holdings in shares of Vistra by 90.0% in the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock valued at $2,620,000 after buying an additional 9,000 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of Vistra by 201.1% during the 4th quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company's stock valued at $760,000 after acquiring an additional 3,682 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

VST has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 target price on the stock. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and decreased their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group lifted their price target on Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Finally, Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.83.

Vistra Stock Up 0.5%

NYSE VST traded up $0.71 during trading on Monday, reaching $157.33. 5,134,844 shares of the company's stock were exchanged, compared to its average volume of 7,560,269. 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 fifty-two week low of $66.50 and a fifty-two week high of $199.84. The company's fifty day simple moving average is $125.42 and its 200-day simple moving average is $142.37. The firm has a market capitalization of $53.39 billion, a PE ratio of 29.35, a P/E/G ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 0.57%. Vistra's payout ratio is presently 14.15%.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of Vistra 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 in the company, valued at $6,341,513.97. The trade was a 32.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26% increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by insiders.

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.