BI Asset Management Fondsmaeglerselskab A S Cuts Stock Position in Vistra Corp. (NYSE:VST)

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Vistra Corp. (NYSE:VST) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,925 shares of the company’s stock after selling 24,593 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Vistra were worth $14,052,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new stake in Vistra during the 4th quarter valued at $409,087,000. Massachusetts Financial Services Co. MA raised its stake in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock valued at $863,116,000 after acquiring an additional 2,433,732 shares during the period. Capital International Investors bought a new stake in shares of Vistra in the 4th quarter worth about $286,414,000. Raymond James Financial Inc. purchased a new position in shares of Vistra during the 4th quarter worth about $237,441,000. Finally, Appaloosa LP grew its holdings in Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BMO Capital Markets raised their price objective 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. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. UBS Group reduced their target price on Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.17.

Vistra Trading Down 0.5 %

NYSE VST opened at $115.26 on Friday. The company’s 50-day simple moving average is $127.80 and its two-hundred day simple moving average is $141.19. Vistra Corp. has a one year low of $65.32 and a one year high of $199.84. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is currently 12.62%.

Insider Buying and Selling at Vistra

In other news, Director John William Pitesa acquired 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, with a total value of $190,125.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, 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.