MML Investors Services LLC Purchases 10,249 Shares of Vistra Corp. (NYSE:VST)

MML Investors Services LLC raised its position in Vistra Corp. (NYSE:VST - Free Report) by 47.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,047 shares of the company's stock after purchasing an additional 10,249 shares during the quarter. MML Investors Services LLC's holdings in Vistra were worth $4,418,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Vistra by 2.6% during the fourth 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 grew its position 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 worth $863,116,000 after acquiring an additional 2,433,732 shares in the last quarter. Norges Bank acquired a new stake in shares of Vistra in the 4th quarter valued at $409,087,000. Appaloosa LP lifted its position in shares of Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after buying an additional 1,429,612 shares during the last quarter. Finally, Capital International Investors acquired a new stake in Vistra in the 4th quarter worth approximately $286,414,000. Institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VST. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group lowered their price objective on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Daiwa Capital Markets assumed 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $166.17.

Vistra Stock Performance

Shares of Vistra stock traded down $0.75 during trading on Tuesday, reaching $128.88. The company's stock had a trading volume of 1,144,547 shares, compared to its average volume of 7,874,652. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The firm has a market cap of $43.84 billion, a PE ratio of 24.12, a P/E/G ratio of 1.12 and a beta of 1.21. The business's 50-day moving average price is $122.07 and its 200-day moving average price is $140.89. 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 business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 12.62%.

Insider Buying and Selling

In related news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated 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 acquisition, the director now owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This represents 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 the SEC website. 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 value 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 position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by company insiders.

Vistra Company 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.