Decade Renewable Partners LP Has $6.40 Million Holdings in Vistra Corp. (NYSE:VST)

Decade Renewable Partners LP raised its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 325.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,400 shares of the company's stock after acquiring an additional 35,489 shares during the period. Vistra makes up 3.1% of Decade Renewable Partners LP's portfolio, making the stock its 13th biggest holding. Decade Renewable Partners LP's holdings in Vistra were worth $6,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Geode Capital Management LLC grew its holdings 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 during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares during the last quarter. Norges Bank bought a new position in Vistra during the fourth quarter worth $409,087,000. Appaloosa LP raised its stake in Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. Finally, Capital International Investors acquired a new position in Vistra during the 4th quarter valued at $286,414,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the company's 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 transaction, 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 legal filing with the SEC, which is available through this link. Also, 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 price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

Vistra Price Performance

Shares of Vistra stock opened at $126.70 on Monday. The stock has a market capitalization of $43.10 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 1.12 and a beta of 1.21. The firm's 50-day moving average price is $122.87 and its two-hundred day moving average price is $140.86. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.71%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's dividend payout ratio (DPR) is currently 12.62%.

Analyst Ratings Changes

A number of brokerages have recently commented on VST. UBS Group cut their price objective on shares of Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Daiwa America upgraded Vistra to a "hold" rating in a research 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. JPMorgan Chase & Co. cut 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. Finally, Evercore ISI assumed coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.17.

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.

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