Bridgeway Capital Management LLC Sells 9,190 Shares of Vistra Corp. (NYSE:VST)

Bridgeway Capital Management LLC lowered its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,910 shares of the company's stock after selling 9,190 shares during the period. Bridgeway Capital Management LLC's holdings in Vistra were worth $6,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Norges Bank acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA increased its position in shares of 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 buying an additional 2,433,732 shares in the last quarter. Capital International Investors purchased a new stake in shares of Vistra in the 4th quarter worth about $286,414,000. Raymond James Financial Inc. acquired a new stake in Vistra in the 4th quarter valued at about $237,441,000. Finally, Appaloosa LP raised its position in Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday. Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. The Goldman Sachs Group began coverage on Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Three investment 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 has an average rating of "Moderate Buy" and an average price target of $166.67.

Vistra Stock Performance

Vistra stock traded up $9.20 during mid-day trading on Monday, reaching $144.95. The company's stock had a trading volume of 3,474,123 shares, compared to its average volume of 7,554,243. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The firm's fifty day moving average price is $121.68 and its two-hundred day moving average price is $141.41. 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 company has a market capitalization of $49.31 billion, a P/E ratio of 26.99, a PEG ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given 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 dividend yield of 0.62%. The ex-dividend date is Wednesday, June 18th. Vistra's payout ratio is 12.77%.

Insider Transactions at Vistra

In other news, Director John William Pitesa bought 1,500 shares of the company's 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 purchase, the director now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 51,063 shares of the company's stock, valued at $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 owned by 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.