Covestor Ltd Purchases 281 Shares of Vistra Corp. (NYSE:VST)

Covestor Ltd increased its holdings in shares of Vistra Corp. (NYSE:VST) by 11.5% during the fourth quarter, Holdings Channel reports. The fund owned 2,714 shares of the company’s stock after acquiring an additional 281 shares during the quarter. Covestor Ltd’s holdings in Vistra were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Vistra during the 4th quarter worth $409,087,000. Massachusetts Financial Services Co. MA lifted its holdings in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock worth $863,116,000 after acquiring an additional 2,433,732 shares during the period. Raymond James Financial Inc. purchased a new stake in Vistra in the fourth quarter worth $237,441,000. Appaloosa LP increased its position in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after buying an additional 1,429,612 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of Vistra by 61.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,346,450 shares of the company’s stock valued at $185,635,000 after purchasing an additional 510,465 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Trading Down 6.0 %

Vistra stock traded down $7.12 during trading on Thursday, hitting $110.90. The company had a trading volume of 1,618,514 shares, compared to its average volume of 7,854,922. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company’s 50 day simple moving average is $135.49 and its 200-day simple moving average is $141.42. The stock has a market cap of $37.72 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

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 $0.2235 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.81%. Vistra’s payout ratio is 12.62%.

Insider Buying and Selling at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This 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 company insiders.

Analysts Set New Price Targets

Several research firms recently commented on VST. The Goldman Sachs Group began coverage on Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 target price for the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. 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 note on Wednesday, January 22nd. Finally, UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $161.23.

Vistra Company 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.