Vistra Corp. (NYSE:VST) Shares Sold by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT reduced its stake in Vistra Corp. (NYSE:VST) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 481,772 shares of the company’s stock after selling 303,328 shares during the period. Sound Shore Management Inc. CT owned 0.14% of Vistra worth $66,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its stake in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Pathway Financial Advisers LLC boosted its stake in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the period. Founders Capital Management acquired a new position in Vistra in the fourth quarter valued at approximately $28,000. West Branch Capital LLC bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra during the fourth quarter valued at approximately $28,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 0.9 %

Vistra stock opened at $130.75 on Monday. 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 $44.47 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1 year low of $64.26 and a 1 year high of $199.84. The firm’s 50 day moving average price is $151.74 and its two-hundred day moving average price is $139.08.

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 given a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.68%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is presently 12.62%.

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at $439,442.25. This 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. Daiwa America raised Vistra to a “hold” rating in a report on Wednesday, March 5th. Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and cut their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Two research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

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.