Tower Research Capital LLC TRC Raises Stock Holdings in Vistra Corp. (NYSE:VST)

Tower Research Capital LLC TRC increased its position in Vistra Corp. (NYSE:VST - Free Report) by 63.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,049 shares of the company's stock after purchasing an additional 10,885 shares during the period. Tower Research Capital LLC TRC's holdings in Vistra were worth $3,867,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Vistra in the fourth quarter worth $409,087,000. Massachusetts Financial Services Co. MA increased its holdings in Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after buying an additional 2,433,732 shares in the last quarter. Capital International Investors purchased a new position in Vistra in the 4th quarter worth about $286,414,000. Raymond James Financial Inc. bought a new position in Vistra during the 4th quarter valued at about $237,441,000. Finally, Appaloosa LP boosted its holdings in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The shares were purchased 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 directly owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction 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 transaction, the director now owns 51,063 shares of the company's stock, 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 currently owned by company insiders.

Vistra Price Performance

NYSE:VST traded up $3.22 during trading hours on Friday, hitting $127.45. 2,801,189 shares of the stock traded hands, compared to its average volume of 7,880,555. The company has a market cap of $43.35 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The stock has a 50 day moving average price of $123.72 and a 200 day moving average price of $140.64. 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.2235 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.70%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 12.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VST. BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. UBS Group cut their price objective on Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a report on Friday, April 11th. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Finally, Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $166.17.

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.