Sagefield Capital LP Reduces Holdings in Vistra Corp. (NYSE:VST)

Sagefield Capital LP decreased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 31.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,328 shares of the company's stock after selling 31,738 shares during the quarter. Vistra makes up about 1.1% of Sagefield Capital LP's holdings, making the stock its 26th largest position. Sagefield Capital LP's holdings in Vistra were worth $9,696,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lionsbridge Wealth Management LLC purchased a new stake in Vistra in the 4th quarter valued at $277,000. Dakota Wealth Management purchased a new stake in Vistra in the 4th quarter valued at $231,000. Legal Advantage Investments Inc. purchased a new stake in Vistra in the 4th quarter valued at $565,000. Viking Fund Management LLC raised its position in Vistra by 90.0% in the 4th quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock valued at $2,620,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its position in Vistra by 201.1% in the 4th quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company's stock valued at $760,000 after purchasing an additional 3,682 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on VST. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. BMO Capital Markets increased their price target on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. 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 on the stock. Finally, UBS Group raised their price target on shares of Vistra from $154.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Three research 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 a consensus target price of $166.67.

Vistra Stock Performance

Shares of NYSE VST opened at $156.55 on Friday. The business has a fifty day simple moving average of $125.42 and a 200 day simple moving average of $142.12. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $53.25 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.12 and a beta of 1.16. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84.

Vistra Increases Dividend

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

Insiders Place Their Bets

In related news, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

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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