Catalyst Funds Management Pty Ltd Makes New Investment in Vistra Corp. (NYSE:VST)

Catalyst Funds Management Pty Ltd acquired a new position in Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,800 shares of the company's stock, valued at approximately $524,000.

Several other institutional investors also recently modified their holdings of the business. Campbell Capital Management Inc. grew its stake in shares of Vistra by 10.8% in the fourth quarter. Campbell Capital Management Inc. now owns 71,603 shares of the company's stock worth $9,872,000 after purchasing an additional 7,001 shares during the last quarter. First National Trust Co acquired a new position in Vistra in the fourth quarter valued at $821,000. Commonwealth Equity Services LLC lifted its holdings in Vistra by 21.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 53,918 shares of the company's stock valued at $7,434,000 after buying an additional 9,567 shares during the period. Appaloosa LP lifted its holdings in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after buying an additional 1,429,612 shares during the period. Finally, Mercuria Capital Strategies LLC acquired a new position in Vistra in the fourth quarter valued at $4,825,000. Institutional investors own 90.88% of the company's stock.

Wall Street Analyst Weigh In

VST has been the topic of several recent analyst reports. Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Morgan Stanley boosted their target price on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.83.

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Vistra Stock Performance

Shares of Vistra stock traded up $5.42 on Wednesday, reaching $129.88. 5,961,741 shares of the company traded hands, compared to its average volume of 7,497,372. Vistra Corp. has a 52 week low of $62.12 and a 52 week high of $199.84. The company has a 50 day moving average of $153.67 and a 200 day moving average of $137.99. The firm has a market capitalization of $44.18 billion, a PE ratio of 24.23, a PEG ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, March 20th. Vistra's dividend payout ratio is currently 12.62%.

Insider Activity

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

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.