APG Asset Management N.V. Takes Position in Vistra Corp. (NYSE:VST)

APG Asset Management N.V. bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 186,100 shares of the company's stock, valued at approximately $24,778,000. APG Asset Management N.V. owned 0.05% of Vistra at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. Geode Capital Management LLC raised its position in shares of Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after acquiring an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares in the last quarter. Norges Bank acquired a new stake in Vistra in the fourth quarter worth $409,087,000. Appaloosa LP boosted its position in shares of Vistra by 112.5% during the fourth 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. grew its holdings in shares of Vistra by 12.3% in the 4th quarter. Assetmark Inc. now owns 1,779,846 shares of the company's stock valued at $245,387,000 after buying an additional 194,404 shares during the period. Institutional investors own 90.88% of the company's stock.

Vistra Stock Up 2.3 %

Shares of NYSE:VST traded up $2.46 during midday trading on Friday, reaching $111.72. The company had a trading volume of 5,250,949 shares, compared to its average volume of 7,890,819. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The stock has a market cap of $38.00 billion, a PE ratio of 20.84, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business's 50 day moving average price is $133.17 and its 200 day moving average price is $141.35.

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Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given 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 dividend yield of 0.80%. Vistra's payout ratio is 12.62%.

Analyst Upgrades and Downgrades

VST has been the topic of several research analyst reports. UBS Group dropped their price objective on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research note on Friday. Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. The Goldman Sachs Group began coverage on shares of Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target for the company. Finally, Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.69.

Insider Transactions at Vistra

In other news, Director John William Pitesa acquired 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, for a total transaction of $190,125.00. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now owns 51,063 shares of the company's stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.