Adage Capital Partners GP L.L.C. Sells 35,900 Shares of Vistra Corp. (NYSE:VST)

Adage Capital Partners GP L.L.C. decreased its position in Vistra Corp. (NYSE:VST - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 457,900 shares of the company's stock after selling 35,900 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.13% of Vistra worth $63,131,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC increased its holdings in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after buying an additional 65 shares in the last quarter. Pathway Financial Advisers LLC grew its position in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management acquired a new stake in Vistra during the 4th quarter valued at $28,000. West Branch Capital LLC bought a new position in Vistra in the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Vistra in the fourth quarter worth $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of Vistra 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 transaction, the director now 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 at this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now 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. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Up 6.5 %

NYSE:VST opened at $119.91 on Thursday. The firm has a market capitalization of $40.79 billion, a price-to-earnings ratio of 22.37, a PEG 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 business's 50-day moving average price is $124.59 and its two-hundred day moving average price is $140.69. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

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 paid a dividend of $0.2235 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.75%. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Analyst Ratings Changes

Several brokerages recently issued reports on VST. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Evercore ISI started coverage on shares of 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 decreased their price objective on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, BMO Capital Markets boosted 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. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average target price of $166.17.

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.

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