Quantessence Capital LLC Purchases New Shares in Vistra Corp. (NYSE:VST)

Quantessence Capital LLC purchased a new stake in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,763 shares of the company's stock, valued at approximately $657,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Morse Asset Management Inc bought a new position in Vistra in the 3rd quarter valued at $631,000. Virtu Financial LLC bought a new stake in Vistra during the third quarter valued at $1,466,000. Fulcrum Equity Management increased its stake in Vistra by 2.8% in the 3rd quarter. Fulcrum Equity Management now owns 13,549 shares of the company's stock worth $1,606,000 after acquiring an additional 364 shares during the last quarter. Pine Valley Investments Ltd Liability Co bought a new stake in shares of Vistra during the 3rd quarter worth $208,000. Finally, World Investment Advisors LLC purchased a new stake in Vistra in the third quarter worth approximately $351,000. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of Vistra 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 transaction, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John William Pitesa acquired 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost 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 approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by insiders.

Vistra Stock Up 3.4 %

VST stock traded up $4.13 during trading on Thursday, hitting $124.13. 5,432,709 shares of the stock traded hands, compared to its average volume of 7,900,479. 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 stock has a market cap of $42.22 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The firm's 50 day moving average is $123.72 and its two-hundred day moving average is $140.64.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.2235 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, March 20th. Vistra's payout ratio is presently 12.62%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VST. JPMorgan Chase & Co. decreased their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. 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 for the company. UBS Group cut their target price on shares of Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $166.17.

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.