Vistra Corp. (NYSE:VST) is Appaloosa LP's 5th Largest Position

Appaloosa LP boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 112.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,700,000 shares of the company's stock after acquiring an additional 1,429,612 shares during the quarter. Vistra accounts for about 5.8% of Appaloosa LP's holdings, making the stock its 5th biggest holding. Appaloosa LP owned 0.79% of Vistra worth $372,249,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Vistra in the 4th quarter valued at about $237,441,000. Massachusetts Financial Services Co. MA increased its stake in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. State Street Corp increased its stake in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Finally, Rubric Capital Management LP lifted its position in shares of Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock worth $251,898,000 after buying an additional 797,894 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

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Vistra Stock Performance

Shares of NYSE VST traded up $6.42 during mid-day trading on Friday, hitting $124.42. 6,537,492 shares of the company were exchanged, compared to its average volume of 7,513,002. The stock has a 50 day simple moving average of $155.96 and a 200-day simple moving average of $136.40. Vistra Corp. has a 1-year low of $60.73 and a 1-year high of $199.84. 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 firm has a market cap of $42.32 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's payout ratio is 12.62%.

Insider Transactions at Vistra

In related 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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.42% of the company's stock.

Wall Street Analyst Weigh In

VST has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Morgan Stanley raised their price objective on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $162.83.

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.