Vistra Corp. (NYSE:VST) Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. cut its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,586 shares of the company's stock after selling 104,975 shares during the quarter. Vistra comprises 1.2% of Fullerton Fund Management Co Ltd.'s investment portfolio, making the stock its 21st biggest position. Fullerton Fund Management Co Ltd. owned about 0.07% of Vistra worth $34,273,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in Vistra in the fourth quarter valued at about $69,000. Graypoint LLC acquired a new stake in shares of Vistra during the fourth quarter worth about $223,000. Czech National Bank lifted its position in shares of Vistra by 5.4% during the fourth quarter. Czech National Bank now owns 73,768 shares of the company's stock worth $10,170,000 after purchasing an additional 3,781 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Vistra in the fourth quarter valued at approximately $3,420,000. Finally, Founders Capital Management purchased a new stake in Vistra during the 4th quarter worth approximately $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on VST. BMO Capital Markets boosted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. The Goldman Sachs Group started 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. Finally, Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Vistra presently has an average rating of "Moderate Buy" and an average target price of $166.67.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the business'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 purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm's 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 transaction, the director now directly owns 51,063 shares of the company's stock, valued at approximately $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. Insiders own 1.42% of the company's stock.

Vistra Stock Performance

NYSE VST opened at $135.80 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market cap of $46.19 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. The business has a fifty day moving average of $121.68 and a 200-day moving average of $141.20.

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 issued a dividend of $0.225 per share. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.66%. Vistra's payout ratio is 12.77%.

About Vistra

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.

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