Vistra Corp. (NYSE:VST) Stake Trimmed by Vinva Investment Management Ltd

Vinva Investment Management Ltd lowered its stake in Vistra Corp. (NYSE:VST) by 73.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,618 shares of the company’s stock after selling 26,237 shares during the quarter. Vinva Investment Management Ltd’s holdings in Vistra were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its stake in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Avior Wealth Management LLC boosted its position in 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. Founders Capital Management acquired a new stake in Vistra during the 4th quarter worth about $28,000. West Branch Capital LLC acquired a new stake in Vistra during the 4th quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Vistra during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 1.9 %

VST opened at $132.26 on Friday. The business has a 50 day moving average price of $152.47 and a 200 day moving average price of $137.89. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market cap of $44.99 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is 12.62%.

Analyst Ratings Changes

A number of brokerages have commented on VST. BMO Capital Markets raised 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. UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Morgan Stanley raised their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

Insider Buying and Selling

In related news, 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 value of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John William Pitesa purchased 1,500 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company’s stock.

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.