Harvest Fund Management Co. Ltd Has $3.30 Million Stock Position in Vistra Corp. (NYSE:VST)

Harvest Fund Management Co. Ltd raised its holdings in Vistra Corp. (NYSE:VST) by 16.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,934 shares of the company’s stock after buying an additional 3,326 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Vistra were worth $3,301,000 at the end of the most recent quarter.

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

Vistra Price Performance

Vistra stock opened at $124.54 on Wednesday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $42.36 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $62.12 and a one year high of $199.84. The business has a 50 day simple moving average of $153.67 and a 200 day simple moving average of $137.99.

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 given a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 12.62%.

Insider Buying and Selling

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective for the company. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Finally, 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. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.