Night Owl Capital Management LLC Purchases 7,022 Shares of Vistra Corp. (NYSE:VST)

Night Owl Capital Management LLC increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206,695 shares of the company's stock after purchasing an additional 7,022 shares during the period. Vistra makes up about 3.7% of Night Owl Capital Management LLC's holdings, making the stock its 14th biggest position. Night Owl Capital Management LLC owned 0.06% of Vistra worth $28,497,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its stake in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares during the period. Avior Wealth Management LLC grew its stake in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after acquiring an additional 65 shares during the period. West Branch Capital LLC acquired a new stake in Vistra in the fourth quarter valued at approximately $28,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Vistra in the fourth quarter valued at approximately $28,000. Finally, Tucker Asset Management LLC acquired a new stake in Vistra in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VST. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. UBS Group raised their price objective on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, The Goldman Sachs Group initiated coverage on Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $166.67.

Vistra Stock Performance

Vistra stock traded up $4.49 during mid-day trading on Friday, reaching $156.55. 6,240,577 shares of the company's stock were exchanged, compared to its average volume of 7,564,041. The business's fifty day simple moving average is $125.42 and its 200 day simple moving average is $142.12. The firm has a market capitalization of $53.25 billion, a PE ratio of 29.21, a P/E/G 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. 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. Investors of record on Wednesday, June 18th will be issued 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 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio (DPR) is 14.15%.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 24,136 shares of Vistra 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 sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John William Pitesa purchased 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This trade 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 corporate 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.