Edgestream Partners L.P. Takes Position in Vistra Corp. (NYSE:VST)

Edgestream Partners L.P. purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 31,603 shares of the company's stock, valued at approximately $4,357,000.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after buying an additional 1,293,974 shares in the last quarter. Janus Henderson Group PLC grew its position in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after buying an additional 1,000,307 shares during the period. Castle Hook Partners LP grew its position in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock valued at $309,422,000 after buying an additional 654,568 shares during the period. Finally, Rubric Capital Management LP increased its holdings in Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after buying an additional 797,894 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

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Vistra Trading Down 0.4 %

NYSE VST traded down $0.45 during trading hours on Friday, reaching $113.96. The company had a trading volume of 9,790,691 shares, compared to its average volume of 9,662,566. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $38.63 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The stock has a 50-day moving average of $158.02 and a 200 day moving average of $135.87. Vistra Corp. has a 1-year low of $57.50 and a 1-year high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's dividend payout ratio is currently 12.62%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VST. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa Capital Markets began coverage on Vistra in a research report on Wednesday. They set a "neutral" rating and a $120.00 price target on the stock. Morgan Stanley boosted their price objective on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Evercore ISI initiated coverage on Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. Finally, BMO Capital Markets boosted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.83.

Insider Buying and Selling

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

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.