Vistra Corp. (NYSE:VST) is Lone Pine Capital LLC’s 5th Largest Position

Lone Pine Capital LLC reduced its stake in shares of Vistra Corp. (NYSE:VST) by 21.4% in the 4th quarter, Holdings Channel reports. The fund owned 5,352,965 shares of the company’s stock after selling 1,453,326 shares during the period. Vistra makes up 5.5% of Lone Pine Capital LLC’s investment portfolio, making the stock its 5th largest position. Lone Pine Capital LLC’s holdings in Vistra were worth $738,013,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VST. Lionsbridge Wealth Management LLC acquired a new stake in Vistra in the fourth quarter valued at approximately $277,000. Dakota Wealth Management acquired a new stake in Vistra in the fourth quarter valued at approximately $231,000. Retirement Systems of Alabama grew its holdings in Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after purchasing an additional 6,920 shares during the period. Legal Advantage Investments Inc. acquired a new stake in Vistra in the fourth quarter valued at approximately $565,000. Finally, Viking Fund Management LLC grew its holdings in Vistra by 90.0% in the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock valued at $2,620,000 after purchasing an additional 9,000 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

NYSE:VST opened at $126.70 on Monday. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $43.10 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.12 and a beta of 1.21. The stock’s fifty day moving average is $122.87 and its two-hundred day moving average is $140.86.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.2235 dividend. 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 0.71%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

Wall Street Analyst Weigh In

Several brokerages have commented on VST. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. UBS Group lowered their price target on Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.17.

Insider Buying and Selling at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction on 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 transaction, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction on Monday, March 3rd. The shares were 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 owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

Vistra Company 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.