Pinebridge Investments L.P. Has $4.44 Million Position in Vistra Corp. (NYSE:VST)

Pinebridge Investments L.P. trimmed its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 66.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,179 shares of the company's stock after selling 64,491 shares during the period. Pinebridge Investments L.P.'s holdings in Vistra were worth $4,437,000 at the end of the most recent quarter.

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

Vistra Trading Down 1.0 %

NYSE VST traded down $1.32 on Wednesday, reaching $128.01. The company had a trading volume of 1,419,499 shares, compared to its average volume of 8,718,336. The stock has a market cap of $43.54 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The stock's 50 day moving average is $121.40 and its 200-day moving average is $140.81. 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is presently 12.62%.

Insider Transactions at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction dated 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 completion of the transaction, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction on Wednesday, March 12th. The stock was 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 directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

VST has been the subject of several recent research reports. Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group started coverage on shares of Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $166.17.

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.