Dark Forest Capital Management LP Purchases 4,275 Shares of Vistra Corp. (NYSE:VST)

Dark Forest Capital Management LP boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 88.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,124 shares of the company's stock after purchasing an additional 4,275 shares during the period. Dark Forest Capital Management LP's holdings in Vistra were worth $1,258,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VST. Norges Bank bought a new stake in Vistra in the fourth quarter worth about $409,087,000. Massachusetts Financial Services Co. MA lifted its stake in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new stake in Vistra during the fourth quarter worth approximately $286,414,000. Raymond James Financial Inc. acquired a new position in Vistra in the fourth quarter worth approximately $237,441,000. Finally, Appaloosa LP increased its holdings in shares of Vistra by 112.5% in 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 in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Up 3.4 %

Shares of NYSE VST traded up $4.13 during mid-day trading on Thursday, reaching $124.13. The company had a trading volume of 5,432,709 shares, compared to its average volume of 7,900,479. The stock's 50 day moving average is $123.72 and its 200-day moving average is $140.64. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The stock has a market capitalization of $42.22 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid 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 annualized dividend and a dividend yield of 0.72%. Vistra's payout ratio is presently 12.62%.

Insider Activity

In other news, Director Paul M. Barbas sold 24,136 shares of the 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 directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price 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 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. 1.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VST shares. Daiwa America upgraded Vistra to a "hold" rating in a report on Wednesday, March 5th. The Goldman Sachs Group began coverage on Vistra in a report on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective on the stock. Bank of America raised shares of 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. JPMorgan Chase & Co. cut their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective 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, Vistra presently has an average rating of "Moderate Buy" and a consensus price target of $166.17.

Vistra Company 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.