Vistra Corp. (NYSE:VST) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its position in shares of Vistra Corp. (NYSE:VST) by 26.8% during the 4th quarter, Holdings Channel reports. The firm owned 761,236 shares of the company’s stock after selling 278,128 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Vistra were worth $104,952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring 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 worth $448,320,000 after purchasing an additional 1,000,307 shares during the last quarter. Norges Bank bought a new stake in shares of Vistra in the 4th quarter worth approximately $409,087,000. 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 purchasing an additional 1,429,612 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Vistra by 12.3% during the fourth quarter. Assetmark Inc. now owns 1,779,846 shares of the company’s stock worth $245,387,000 after buying an additional 194,404 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 1.3 %

Shares of NYSE:VST opened at $117.53 on Tuesday. The firm has a fifty day moving average of $146.31 and a two-hundred day moving average of $141.09. 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 12-month low of $64.26 and a 12-month high of $199.84. The firm has a market capitalization of $39.98 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.2235 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.76%. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and reduced their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday. Daiwa Capital Markets assumed coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price for the company. Finally, Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.50.

Insider Buying and Selling at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were 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 in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.