Vistra Corp. (NYSE:VST) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its position in Vistra Corp. (NYSE:VST - Free Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,179,076 shares of the company's stock after selling 451,885 shares during the period. Dimensional Fund Advisors LP owned about 1.23% of Vistra worth $576,248,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VST. Norges Bank bought a new stake in shares of Vistra in the fourth quarter worth approximately $409,087,000. Massachusetts Financial Services Co. MA lifted its position in shares of Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new stake in shares of Vistra in the fourth quarter valued at about $286,414,000. Raymond James Financial Inc. bought a new position in Vistra in the fourth quarter worth about $237,441,000. Finally, Appaloosa LP boosted its stake in Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Finally, Daiwa Capital Markets assumed coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $166.17.

Vistra Price Performance

NYSE:VST traded down $8.79 during midday trading on Monday, hitting $106.63. The company had a trading volume of 6,083,209 shares, compared to its average volume of 7,886,246. The stock's fifty day moving average price is $126.60 and its 200-day moving average price is $141.03. Vistra Corp. has a 52-week low of $65.32 and a 52-week high of $199.84. The company has a market capitalization of $36.27 billion, a PE ratio of 19.89, a P/E/G 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.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.2235 per share. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.84%. Vistra's dividend payout ratio (DPR) is 12.62%.

Insider Activity

In other news, Director Paul M. Barbas sold 24,136 shares of the 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 completion of the sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the purchase, 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 position. The disclosure for this purchase can be found here. 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.