APG Asset Management N.V. Invests $24.78 Million in Vistra Corp. (NYSE:VST)

APG Asset Management N.V. purchased a new stake in Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 186,100 shares of the company’s stock, valued at approximately $24,778,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC lifted its holdings in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Founders Capital Management bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. West Branch Capital LLC purchased a new stake in shares of Vistra during the 4th quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra during the 4th quarter valued at $28,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

NYSE VST opened at $119.13 on Thursday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $40.52 billion, a P/E ratio of 22.23, a PEG ratio of 1.12 and a beta of 1.21. The business has a 50 day moving average price of $135.49 and a 200 day moving average price of $141.42. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84.

Vistra Increases Dividend

The business also recently declared 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 positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.75%. Vistra’s dividend payout ratio is 12.62%.

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 24,136 shares of the company’s 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 sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents 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 currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VST. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and cut their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. 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 target price on the stock. BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group started coverage on Vistra in a research note on Friday, April 4th. They issued a “neutral” rating and a $134.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.23.

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.