Vistra Corp. (NYSE:VST) Shares Sold by Crestline Management LP

Crestline Management LP decreased its stake in Vistra Corp. (NYSE:VST - Free Report) by 36.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,332 shares of the company's stock after selling 6,439 shares during the period. Crestline Management LP's holdings in Vistra were worth $1,562,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value 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 disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VST shares. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. BMO Capital Markets lifted their target price on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. UBS Group boosted their target price on Vistra from $154.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, May 8th. 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 target for the company. Finally, Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $166.67.

Vistra Price Performance

Shares of VST stock traded up $8.85 during mid-day trading on Tuesday, reaching $154.94. The stock had a trading volume of 9,027,300 shares, compared to its average volume of 7,578,945. The company has a market cap of $52.70 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The business has a 50-day simple moving average of $122.06 and a 200 day simple moving average of $141.56.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.58%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is presently 14.15%.

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.