Westbourne Investments Inc. Invests $729,000 in Vistra Corp. (NYSE:VST)

Westbourne Investments Inc. bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,285 shares of the company's stock, valued at approximately $729,000.

A number of other large investors have also recently added to or reduced their stakes in VST. Geode Capital Management LLC boosted its stake in shares of Vistra by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after acquiring an additional 219,055 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position 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 purchasing an additional 2,433,732 shares during the period. Northern Trust Corp increased its stake in Vistra by 10.9% in the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company's stock worth $417,261,000 after purchasing an additional 296,714 shares in the last quarter. Norges Bank acquired a new stake in Vistra during the 4th quarter worth about $409,087,000. Finally, Appaloosa LP lifted its stake in Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after buying an additional 1,429,612 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director John William Pitesa acquired 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $2,997,449.84. Following the completion of the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. The trade was 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 Up 1.4 %

Shares of VST traded up $1.94 during midday trading on Friday, reaching $139.24. 5,609,642 shares of the stock were exchanged, compared to its average volume of 7,915,529. The company has a market cap of $47.36 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 1.12 and a beta of 1.16. The firm has a 50 day simple moving average of $120.90 and a 200-day simple moving average of $140.88. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a yield of 0.65%. Vistra's payout ratio is 12.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VST shares. JPMorgan Chase & Co. cut their price target 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. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. BMO Capital Markets raised their target price on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. 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 price target on the stock. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. 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 stock has an average rating of "Moderate Buy" and an average target price of $166.17.

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.