Vistra Corp. (NYSE:VST) Shares Purchased by TD Asset Management Inc.

TD Asset Management Inc. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 17.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,196,258 shares of the company’s stock after buying an additional 176,872 shares during the period. TD Asset Management Inc. owned 0.35% of Vistra worth $164,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC grew its stake in shares of Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after buying an additional 1,000,307 shares during the period. Appaloosa LP increased its holdings in shares of 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 buying an additional 1,429,612 shares during the last quarter. Castle Hook Partners LP raised its position in shares of Vistra by 33.5% during the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares during the period. Finally, Rubric Capital Management LP lifted its holdings in Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after acquiring an additional 797,894 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VST has been the topic of a number of research analyst reports. Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price on the stock. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and decreased their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. BMO Capital Markets boosted their price target 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, Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Vistra Stock Performance

NYSE:VST opened at $131.75 on Wednesday. The company has a market cap of $44.82 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. 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 Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The company has a fifty day simple moving average of $150.42 and a two-hundred day simple moving average of $139.90.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.68%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insider Activity

In other news, Director John William Pitesa purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought 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 of the company’s stock, valued at $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The transaction 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 business’s stock in a transaction that occurred 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 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. Company insiders own 1.42% of the company’s stock.

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.