10,151 Shares in Vistra Corp. (NYSE:VST) Purchased by Allstate Corp

Allstate Corp bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,151 shares of the company's stock, valued at approximately $1,400,000.

A number of other large investors also recently modified their holdings of the business. State Street Corp boosted its position in shares of Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Norges Bank acquired a new stake in shares of Vistra in the 4th quarter valued at about $409,087,000. Appaloosa LP lifted its holdings in shares of 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 in the last quarter. Finally, Assetmark Inc. increased its holdings in Vistra by 12.3% during the 4th quarter. Assetmark Inc. now owns 1,779,846 shares of the company's stock worth $245,387,000 after purchasing an additional 194,404 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the 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 sale, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

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Vistra Stock Performance

NYSE VST traded up $5.01 during trading hours on Wednesday, hitting $127.25. 4,757,689 shares of the company's stock traded hands, compared to its average volume of 9,095,975. The business's fifty day moving average price is $145.05 and its two-hundred day moving average price is $141.35. The firm has a market capitalization of $43.28 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.12 and a beta of 1.21. 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 Corp. has a 52 week low of $64.26 and a 52 week 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 dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is 12.62%.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Finally, Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.50.

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.