Allstate Corp Invests $1.40 Million in Vistra Corp. (NYSE:VST)

Allstate Corp purchased a new stake in Vistra Corp. (NYSE:VST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,151 shares of the company’s stock, valued at approximately $1,400,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lionsbridge Wealth Management LLC bought a new stake in shares of Vistra in the 4th quarter worth about $277,000. Dakota Wealth Management acquired a new stake in Vistra in the 4th quarter valued at approximately $231,000. Retirement Systems of Alabama raised its stake in shares of Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after purchasing an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP bought a new stake in shares of Vistra during the 3rd quarter worth about $17,781,000. Finally, Legal Advantage Investments Inc. bought a new stake in Vistra during the fourth quarter worth approximately $565,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Down 0.2 %

Shares of VST opened at $119.05 on Monday. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The firm has a market capitalization of $40.49 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a 50-day simple moving average of $147.39 and a 200-day simple moving average of $140.83. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The company also recently disclosed 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 is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insiders Place Their Bets

In related news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VST. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday. BMO Capital Markets lifted 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. Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. Finally, UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.50.

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.