Alerus Financial NA Makes New $4.50 Million Investment in Vistra Corp. (NYSE:VST)

Alerus Financial NA acquired a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 32,613 shares of the company's stock, valued at approximately $4,496,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. bought a new position in shares of Vistra in the 3rd quarter worth approximately $276,000. Cerity Partners LLC increased its stake in shares of Vistra by 10.1% in the 3rd quarter. Cerity Partners LLC now owns 52,268 shares of the company's stock worth $6,196,000 after purchasing an additional 4,778 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Vistra by 12.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,490 shares of the company's stock worth $414,000 after purchasing an additional 379 shares in the last quarter. Penserra Capital Management LLC lifted its position in Vistra by 17,610.0% during the third quarter. Penserra Capital Management LLC now owns 5,313 shares of the company's stock valued at $629,000 after purchasing an additional 5,283 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its position in Vistra by 64.6% during the third quarter. Centaurus Financial Inc. now owns 2,067 shares of the company's stock valued at $245,000 after purchasing an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Price Performance

VST stock traded down $2.94 during trading on Monday, hitting $116.11. 4,270,970 shares of the company's stock traded hands, compared to its average volume of 7,710,388. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The stock has a market capitalization of $39.50 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 1.12 and a beta of 1.21. The business has a fifty day simple moving average of $147.39 and a 200 day simple moving average of $140.83. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

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Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.77%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VST. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday. Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. Finally, UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $163.50.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction on 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 of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction dated 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 purchase, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade 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 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.