Bank of Nova Scotia Has $15.46 Million Stake in Vistra Corp. (NYSE:VST)

Bank of Nova Scotia raised its holdings in Vistra Corp. (NYSE:VST - Free Report) by 188.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,126 shares of the company's stock after acquiring an additional 73,223 shares during the period. Bank of Nova Scotia's holdings in Vistra were worth $15,459,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 65 shares during the last quarter. Pathway Financial Advisers LLC raised its position in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Founders Capital Management bought a new position in Vistra in the fourth quarter valued at about $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra during the fourth quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the firm'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 value 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. This trade represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction dated 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 owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VST shares. 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. Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. The Goldman Sachs Group assumed coverage on Vistra in a report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Vistra presently has a consensus rating of "Moderate Buy" and an average target price of $159.69.

Vistra Trading Up 2.3 %

VST traded up $2.46 during trading on Friday, hitting $111.72. The company's stock had a trading volume of 5,250,949 shares, compared to its average volume of 7,890,819. The firm has a market capitalization of $38.00 billion, a P/E ratio of 20.84, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84. The stock's fifty day moving average price is $133.17 and its 200-day moving average price is $141.35. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

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

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.