Thames Capital Management LLC Invests $8.04 Million in Vistra Corp. (NYSE:VST)

Thames Capital Management LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 58,289 shares of the company’s stock, valued at approximately $8,036,000. Vistra comprises approximately 2.2% of Thames Capital Management LLC’s portfolio, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of VST. Avior Wealth Management LLC boosted its stake in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Pathway Financial Advisers LLC raised its holdings in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the last quarter. Founders Capital Management purchased a new stake in Vistra during the 4th quarter valued at $28,000. West Branch Capital LLC bought a new stake in Vistra in the 4th quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra in the 4th quarter worth $28,000. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. The Goldman Sachs Group began coverage on Vistra in a research report on Friday. They issued a “neutral” rating and a $134.00 price objective on the stock. Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Finally, Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.23.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated 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 of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John William Pitesa purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Shares of Vistra stock opened at $97.76 on Friday. The business has a fifty day simple moving average of $140.32 and a two-hundred day simple moving average of $141.42. The firm has a market capitalization 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. 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 Corp. has a 12 month low of $64.26 and a 12 month high of $199.84.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.91%. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

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.