GKV Capital Management Co. Inc. Acquires Shares of 6,200 Vistra Corp. (NYSE:VST)

GKV Capital Management Co. Inc. bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,200 shares of the company's stock, valued at approximately $855,000.

A number of other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Vistra during the fourth quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Vistra in the fourth quarter valued at approximately $237,441,000. Appaloosa LP boosted its stake in 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 purchasing an additional 1,429,612 shares during the period. Finally, Bridgewater Associates LP raised its stake in shares of Vistra by 58.9% in the 4th quarter. Bridgewater Associates LP now owns 1,773,499 shares of the company's stock valued at $244,512,000 after purchasing an additional 657,217 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VST. JPMorgan Chase & Co. lowered their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. The Goldman Sachs Group initiated coverage on Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 target price for the company. Finally, Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $166.17.

Vistra Trading Down 8.1 %

Shares of VST stock traded down $9.31 on Monday, hitting $106.11. 1,797,618 shares of the company's stock traded hands, compared to its average volume of 7,869,863. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company's fifty day simple moving average is $127.80 and its 200 day simple moving average is $141.25. The stock has a market capitalization of $36.09 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $65.32 and a one year high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.2235 dividend. The ex-dividend date was Thursday, March 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.84%. Vistra's dividend payout ratio (DPR) is 12.62%.

Insiders Place Their Bets

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Company 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.