Vistra Corp. (NYSE:VST) Shares Bought by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC grew its stake in shares of Vistra Corp. (NYSE:VST) by 264.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,090 shares of the company’s stock after purchasing an additional 16,033 shares during the period. BTG Pactual Asset Management US LLC’s holdings in Vistra were worth $3,046,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VST. Virtus Wealth Solutions LLC acquired a new position in Vistra during the fourth quarter worth $249,000. Advisors Capital Management LLC increased its position in shares of Vistra by 23.9% in the fourth quarter. Advisors Capital Management LLC now owns 4,890 shares of the company’s stock valued at $674,000 after buying an additional 943 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Vistra during the 4th quarter worth $237,000. Townsquare Capital LLC raised its stake in shares of Vistra by 17.9% during the 4th quarter. Townsquare Capital LLC now owns 5,705 shares of the company’s stock worth $787,000 after buying an additional 867 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Vistra by 239.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 72,832 shares of the company’s stock worth $10,040,000 after buying an additional 51,358 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday, March 28th. UBS Group dropped their price objective on shares of Vistra from $174.00 to $154.00 and set a “buy” rating for the company in a research note on Friday. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price on the stock. BMO Capital Markets raised 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. Finally, Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $159.69.

Insiders Place Their Bets

In other news, Director John William Pitesa acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction on 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 owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Vistra Trading Up 2.3 %

NYSE VST opened at $111.72 on Friday. The company has a market cap of $38.00 billion, a P/E ratio of 20.84, 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 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 50-day moving average of $133.17 and a 200-day moving average of $141.35.

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 0.80%. Vistra’s dividend payout ratio is 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.