Arrowstreet Capital Limited Partnership Sells 278,128 Shares of Vistra Corp. (NYSE:VST)

Arrowstreet Capital Limited Partnership reduced its position in Vistra Corp. (NYSE:VST - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 761,236 shares of the company's stock after selling 278,128 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.22% of Vistra worth $104,952,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pathway Financial Advisers LLC lifted its holdings in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Avior Wealth Management LLC grew its stake in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after buying an additional 65 shares during the last quarter. Founders Capital Management acquired a new position in Vistra during the 4th quarter worth $28,000. West Branch Capital LLC bought a new stake in Vistra during the fourth quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra in the fourth quarter worth about $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by corporate insiders.

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Vistra Price Performance

Shares of VST traded down $15.93 during trading hours on Thursday, reaching $111.26. The stock had a trading volume of 8,259,970 shares, compared to its average volume of 7,740,280. The stock has a market capitalization of $37.85 billion, a PE ratio of 20.65, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company's 50-day moving average is $143.86 and its two-hundred day moving average is $141.25.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.2235 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, March 20th. Vistra's payout ratio is 12.62%.

Analyst Ratings Changes

Several equities analysts recently issued reports on VST shares. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $163.50.

Vistra Company 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.