Mercuria Capital Strategies LLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Mercuria Capital Strategies LLC acquired a new stake in Vistra Corp. (NYSE:VST) during the fourth quarter, Holdings Channel reports. The fund acquired 35,000 shares of the company’s stock, valued at approximately $4,825,000. Vistra accounts for approximately 1.9% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 8th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Pathway Financial Advisers LLC raised its holdings in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Founders Capital Management purchased a new stake in Vistra in the 4th quarter valued at about $28,000. West Branch Capital LLC purchased a new stake in Vistra in the 4th quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE VST opened at $122.39 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $59.93 and a twelve month high of $199.84. The stock has a 50 day moving average of $156.91 and a two-hundred day moving average of $136.63. The stock has a market cap of $41.49 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company 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 $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.73%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. Finally, Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.83.

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.