Adams Diversified Equity Fund Inc. Increases Stake in Vistra Corp. (NYSE:VST)

Adams Diversified Equity Fund Inc. boosted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 41.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,600 shares of the company's stock after buying an additional 11,400 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in Vistra were worth $5,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VST. Lionsbridge Wealth Management LLC acquired a new stake in shares of Vistra in the fourth quarter valued at $277,000. Dakota Wealth Management acquired a new stake in Vistra in the 4th quarter valued at about $231,000. Retirement Systems of Alabama raised its position in Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock valued at $9,361,000 after purchasing an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP purchased a new position in shares of Vistra in the 3rd quarter valued at about $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new position in shares of Vistra during the fourth quarter worth about $565,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

VST has been the topic of several analyst reports. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Daiwa Capital Markets started coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Finally, BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.83.

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Vistra Stock Performance

VST traded up $4.39 during trading on Monday, hitting $134.97. 7,754,068 shares of the stock were exchanged, compared to its average volume of 7,505,990. The firm has a market capitalization of $45.91 billion, a P/E ratio of 25.18, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The stock has a fifty day moving average price of $151.19 and a two-hundred day moving average price of $139.50. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a $0.2235 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.66%. Vistra's dividend payout ratio is 12.62%.

Insider Buying and Selling

In related 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 value 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost 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 in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by company insiders.

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.