ExodusPoint Capital Management LP Sells 157,518 Shares of Vistra Corp. (NYSE:VST)

ExodusPoint Capital Management LP lowered its holdings in Vistra Corp. (NYSE:VST) by 68.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 71,676 shares of the company’s stock after selling 157,518 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Vistra were worth $9,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VST. World Investment Advisors lifted its holdings in Vistra by 24.9% during the 4th quarter. World Investment Advisors now owns 3,695 shares of the company’s stock worth $509,000 after purchasing an additional 737 shares in the last quarter. Bryce Point Capital LLC bought a new stake in shares of Vistra during the fourth quarter valued at about $502,000. Huntington National Bank lifted its holdings in shares of Vistra by 16.6% in the fourth quarter. Huntington National Bank now owns 1,347 shares of the company’s stock worth $186,000 after buying an additional 192 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 63.6% during 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 in the last quarter. Finally, Meeder Advisory Services Inc. raised its position in shares of Vistra by 36.9% in the fourth quarter. Meeder Advisory Services Inc. now owns 4,765 shares of the company’s stock worth $657,000 after buying an additional 1,284 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 9.7 %

VST opened at $97.76 on Friday. The company has a market cap of $33.25 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The business’s 50-day moving average price is $140.32 and its 200-day moving average price is $141.08. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.2235 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.91%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 12.62%.

Analyst Ratings Changes

VST has been the topic of a number of research analyst reports. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on shares of Vistra in a research note on Friday. They issued a “neutral” rating and a $134.00 target price on the stock. BMO Capital Markets boosted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Daiwa Capital Markets started coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, UBS Group upped their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.23.

Insider Activity

In other news, Director John William Pitesa bought 1,500 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

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.