NEOS Investment Management LLC purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,104 shares of the company's stock, valued at approximately $2,496,000.
A number of other hedge funds have also made changes to their positions in VST. State Street Corp lifted its position in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the period. Appaloosa LP lifted its position in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. Assetmark Inc. boosted its stake in Vistra by 12.3% during the 4th quarter. Assetmark Inc. now owns 1,779,846 shares of the company's stock valued at $245,387,000 after purchasing an additional 194,404 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Vistra in the 4th quarter valued at approximately $237,441,000. Institutional investors and hedge funds own 90.88% of the company's stock.
Analyst Upgrades and Downgrades
VST has been the subject of a number of research analyst reports. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and cut their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa Capital Markets started coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target for the company. BMO Capital Markets upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI initiated coverage on Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.50.
Read Our Latest Stock Report on Vistra
Vistra Price Performance
VST stock traded up $3.62 during trading on Tuesday, hitting $121.06. The company had a trading volume of 1,852,980 shares, compared to its average volume of 9,066,555. The company has a fifty day moving average price of $146.31 and a two-hundred day moving average price of $141.09. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84. The company has a market cap of $41.18 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.12 and a beta of 1.21. 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 Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 12.62%.
Insider Transactions at Vistra
In other Vistra news, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm's 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 sale, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by insiders.
Vistra Company Profile
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Free Report)
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.
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