Senator Investment Group LP Sells 53,016 Shares of Vistra Corp. (NYSE:VST)

Senator Investment Group LP lessened its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,984 shares of the company's stock after selling 53,016 shares during the quarter. Senator Investment Group LP's holdings in Vistra were worth $21,643,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in Vistra during the third quarter worth about $631,000. Virtu Financial LLC bought a new stake in shares of Vistra during the third quarter valued at approximately $1,466,000. Fulcrum Equity Management raised its stake in shares of Vistra by 2.8% in the third quarter. Fulcrum Equity Management now owns 13,549 shares of the company's stock valued at $1,606,000 after purchasing an additional 364 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new stake in Vistra during the third quarter valued at approximately $208,000. Finally, World Investment Advisors LLC acquired a new position in shares of Vistra in the 3rd quarter worth approximately $351,000. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Vistra

In related news, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction on 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 directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Vistra Stock Up 2.5 %

VST stock traded up $3.05 during mid-day trading on Friday, hitting $127.28. 2,881,211 shares of the company were exchanged, compared to its average volume of 7,881,035. The firm has a market cap of $43.29 billion, a P/E ratio of 23.78, a P/E/G 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 company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm's 50 day simple moving average is $123.72 and its 200 day simple moving average is $140.64.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis 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 12.62%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VST shares. The Goldman Sachs Group assumed coverage on Vistra in a report on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective for the company. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price on the stock. Finally, UBS Group cut their price objective on Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus 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.