Colrain Capital LLC Acquires New Holdings in Vistra Corp. (NYSE:VST)

Colrain Capital LLC acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 101,650 shares of the company's stock, valued at approximately $14,014,000. Vistra accounts for about 13.7% of Colrain Capital LLC's investment portfolio, making the stock its largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its position in Vistra by 186.6% during the 4th quarter. Meeder Asset Management Inc. now owns 44,487 shares of the company's stock worth $6,133,000 after purchasing an additional 28,967 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Vistra by 13.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,278 shares of the company's stock valued at $2,382,000 after buying an additional 2,098 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in Vistra during the 4th quarter worth $3,287,000. CIBC Private Wealth Group LLC grew its stake in shares of Vistra by 75.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 18,732 shares of the company's stock valued at $2,583,000 after buying an additional 8,039 shares in the last quarter. Finally, Hartree Partners LP raised its stake in shares of Vistra by 25.0% during the fourth quarter. Hartree Partners LP now owns 143,400 shares of the company's stock valued at $19,771,000 after purchasing an additional 28,650 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. 1.42% of the stock is owned by company insiders.

Remove Ads

Vistra Trading Up 4.1 %

NYSE:VST traded up $5.01 during trading hours on Wednesday, hitting $127.25. 5,639,606 shares of the stock were exchanged, compared to its average volume of 7,725,867. The company has a market capitalization of $43.28 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company's 50 day moving average is $145.05 and its two-hundred day moving average is $141.35. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, March 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is 12.62%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VST shares. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. JPMorgan Chase & Co. cut 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, UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Vistra has a consensus rating of "Moderate Buy" and an average target price of $163.50.

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.