Keystone Financial Group Invests $416,000 in Vistra Corp. (NYSE:VST)

Keystone Financial Group acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,016 shares of the company's stock, valued at approximately $416,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after purchasing an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after buying an additional 2,433,732 shares in the last quarter. Norges Bank bought a new position in shares of Vistra in the fourth quarter valued at approximately $409,087,000. Appaloosa LP boosted its holdings in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after acquiring an additional 1,429,612 shares in the last quarter. Finally, Assetmark Inc. grew its position in Vistra by 12.3% during the 4th quarter. Assetmark Inc. now owns 1,779,846 shares of the company's stock worth $245,387,000 after acquiring an additional 194,404 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated 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 transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

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Vistra Trading Up 2.7 %

NYSE:VST traded up $3.05 during trading hours on Tuesday, hitting $115.74. The stock had a trading volume of 4,262,176 shares, compared to its average volume of 7,893,242. The business's 50 day moving average is $130.92 and its 200-day moving average is $141.32. The company has a market cap of $39.37 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $64.26 and a one year 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.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Analyst Ratings Changes

Several analysts have recently commented on VST shares. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, 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 research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Vistra presently has an average rating of "Moderate Buy" and an average target price of $159.69.

About Vistra

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.