Schonfeld Strategic Advisors LLC Raises Position in Vistra Corp. (NYSE:VST)

Schonfeld Strategic Advisors LLC increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 1,317.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,332 shares of the company's stock after acquiring an additional 109,981 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Vistra were worth $16,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VST. Geode Capital Management LLC raised its stake in shares of Vistra by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after purchasing an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA boosted its stake 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 valued at $863,116,000 after acquiring an additional 2,433,732 shares during the last quarter. Northern Trust Corp grew its position in shares of Vistra by 10.9% during the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock valued at $417,261,000 after acquiring an additional 296,714 shares during the period. Norges Bank purchased a new stake in shares of Vistra during the 4th quarter worth approximately $409,087,000. Finally, Appaloosa LP raised its holdings in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group decreased their target price on Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and cut their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price 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. Finally, Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and an average target price of $166.17.

Vistra Price Performance

Shares of VST stock traded up $1.94 on Friday, reaching $139.24. The company's stock had a trading volume of 5,609,642 shares, compared to its average volume of 7,906,221. The company has a market capitalization of $47.36 billion, a P/E ratio of 25.98, a PEG ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The stock's 50 day simple moving average is $120.90 and its 200-day simple moving average is $140.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 annualized dividend and a dividend yield of 0.65%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is presently 12.77%.

Insider Transactions at Vistra

In related news, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost 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 of the company's stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. 1.42% of the stock is 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.