Vistra Corp. (NYSE:VST) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 19.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,925 shares of the company's stock after selling 24,593 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Vistra were worth $14,052,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VST. Lionsbridge Wealth Management LLC acquired a new position in Vistra in the fourth quarter valued at $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra in the 4th quarter valued at about $231,000. Retirement Systems of Alabama grew its stake in Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock worth $9,361,000 after buying an additional 6,920 shares during the last quarter. Legal Advantage Investments Inc. acquired a new position in Vistra during the fourth quarter worth approximately $565,000. Finally, Viking Fund Management LLC lifted its stake in Vistra by 90.0% in the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock valued at $2,620,000 after buying an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

VST traded down $8.79 on Monday, hitting $106.63. 6,083,209 shares of the company were exchanged, compared to its average volume of 7,886,246. The business's fifty day moving average is $126.60 and its 200 day moving average is $141.03. Vistra Corp. has a fifty-two week low of $65.32 and a fifty-two week 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 firm has a market capitalization of $36.27 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.2235 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.84%. Vistra's dividend payout ratio is 12.62%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VST. The Goldman Sachs Group assumed coverage on shares of Vistra in a research report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target for the company. JPMorgan Chase & Co. decreased their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. UBS Group dropped their target price on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $166.17.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares of the company's stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase 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.