Bessemer Group Inc. Cuts Stock Holdings in Vistra Corp. (NYSE:VST)

Bessemer Group Inc. lessened its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,902 shares of the company's stock after selling 3,425 shares during the quarter. Bessemer Group Inc.'s holdings in Vistra were worth $5,364,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in 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 buying an additional 219,055 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the period. Norges Bank purchased a new position in Vistra during the 4th quarter valued at about $409,087,000. Appaloosa LP increased 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 valued at $372,249,000 after buying an additional 1,429,612 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Vistra by 12.3% in the fourth quarter. Assetmark Inc. now owns 1,779,846 shares of the company's stock valued at $245,387,000 after acquiring an additional 194,404 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Trading Up 2.9 %

NYSE VST traded up $3.30 during trading on Tuesday, hitting $115.99. 3,040,355 shares of the company's stock traded hands, compared to its average volume of 7,875,668. The firm has a market cap of $39.45 billion, a P/E ratio of 21.67, a PEG ratio of 1.12 and a beta of 1.21. The stock has a fifty day moving average of $132.00 and a two-hundred day moving average of $141.50. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84.

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Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.2235 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.77%. Vistra's payout ratio is presently 12.62%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VST shares. Daiwa Capital Markets began coverage on shares of Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group began coverage on Vistra in a research note on Friday, April 4th. They issued a "neutral" rating and a $134.00 target price on the stock. Finally, Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $159.69.

Insider Buying and Selling

In other news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of Vistra 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 transaction, the director now directly 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 disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

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.