Chiron Investment Management LLC Buys 12,940 Shares of Vistra Corp. (NYSE:VST)

Chiron Investment Management LLC grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 192.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,679 shares of the company's stock after acquiring an additional 12,940 shares during the quarter. Chiron Investment Management LLC's holdings in Vistra were worth $2,713,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VST. Canada Post Corp Registered Pension Plan bought a new position in Vistra in the 4th quarter valued at about $1,213,000. LaSalle St. Investment Advisors LLC bought a new stake in Vistra during the fourth quarter worth approximately $341,000. Hanlon Investment Management Inc. lifted its position in Vistra by 12.2% in the fourth quarter. Hanlon Investment Management Inc. now owns 4,633 shares of the company's stock worth $639,000 after purchasing an additional 505 shares during the period. CreativeOne Wealth LLC boosted its stake in Vistra by 144.5% during the 4th quarter. CreativeOne Wealth LLC now owns 8,531 shares of the company's stock valued at $1,176,000 after purchasing an additional 5,042 shares in the last quarter. Finally, Cohen & Steers Inc. increased its position in shares of Vistra by 2.0% during the 4th quarter. Cohen & Steers Inc. now owns 10,304 shares of the company's stock valued at $1,421,000 after purchasing an additional 200 shares during the period. Institutional investors own 90.88% of the company's stock.

Insider Activity

In other news, Director John William Pitesa acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of Vistra 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 sale, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

Remove Ads

Analysts Set New Price Targets

VST has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on 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 shares of Vistra from a "neutral" rating to a "buy" rating and cut their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. BMO Capital Markets lifted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, UBS Group decreased their target price on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $159.69.

Vistra Stock Up 2.7 %

NYSE:VST traded up $3.05 during mid-day trading on Tuesday, reaching $115.74. The stock had a trading volume of 4,262,176 shares, compared to its average volume of 7,893,244. The stock has a market cap of $39.37 billion, a P/E ratio of 21.59, a PEG ratio of 1.12 and a beta of 1.21. The business's 50 day moving average is $130.92 and its 200 day moving average is $141.32. 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 fifty-two week low of $64.26 and a fifty-two week high of $199.84.

Vistra Increases Dividend

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

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.