Bank of Hawaii Takes Position in Vistra Corp. (NYSE:VST)

Bank of Hawaii purchased a new position in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,516 shares of the company's stock, valued at approximately $1,312,000.

Several other institutional investors also recently modified their holdings of VST. Integrated Wealth Concepts LLC grew its holdings in Vistra by 4.8% during the third quarter. Integrated Wealth Concepts LLC now owns 4,469 shares of the company's stock valued at $530,000 after purchasing an additional 204 shares during the period. Morse Asset Management Inc bought a new position in shares of Vistra during the 3rd quarter valued at approximately $631,000. EP Wealth Advisors LLC purchased a new stake in Vistra in the 3rd quarter worth approximately $931,000. Orion Portfolio Solutions LLC increased its holdings in Vistra by 56.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,067 shares of the company's stock worth $601,000 after acquiring an additional 1,829 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Vistra by 3.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 177,664 shares of the company's stock worth $21,060,000 after acquiring an additional 6,196 shares during the period. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other Vistra news, 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at $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. Insiders own 1.42% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VST shares. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Finally, Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and cut their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $159.69.

Vistra Stock Up 2.3 %

Shares of VST traded up $2.46 during trading hours on Friday, hitting $111.72. The company had a trading volume of 5,250,949 shares, compared to its average volume of 7,890,819. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $38.00 billion, a PE ratio of 20.84, a price-to-earnings-growth 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's fifty day moving average price is $133.17 and its two-hundred day moving average price is $141.35.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Thursday, March 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 12.62%.

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.