SLT Holdings LLC Makes New $234,000 Investment in Vistra Corp. (NYSE:VST)

SLT Holdings LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,695 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lionsbridge Wealth Management LLC acquired a new stake in shares of Vistra during the 4th quarter worth approximately $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra during the 4th quarter worth approximately $231,000. Retirement Systems of Alabama grew its position in shares of Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after buying an additional 6,920 shares during the period. First Sabrepoint Capital Management LP acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new stake in shares of Vistra during the 4th quarter worth approximately $565,000. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VST shares. Morgan Stanley raised their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. 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 report on Wednesday, January 22nd. Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday. Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday. They issued a “neutral” rating and a $120.00 price target for the company. Finally, Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Insider Buying and Selling at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $113.96 on Friday. 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 stock’s fifty day simple moving average is $158.02 and its two-hundred day simple moving average is $135.87. Vistra Corp. has a 1-year low of $57.50 and a 1-year high of $199.84. The stock has a market cap of $38.63 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.78%. Vistra’s dividend payout ratio (DPR) 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.