Fmr LLC Has $2.76 Billion Stock Holdings in Vistra Corp. (NYSE:VST)

FMR LLC lowered its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,051,104 shares of the company's stock after selling 2,857,136 shares during the period. FMR LLC owned 5.89% of Vistra worth $2,764,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VST. Avior Wealth Management LLC grew its position in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after buying an additional 65 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management acquired a new position in Vistra in the fourth quarter valued at $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the fourth quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the 4th quarter worth about $28,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Down 4.6 %

Shares of VST traded down $5.49 during trading hours on Thursday, reaching $112.54. The company's stock had a trading volume of 5,521,601 shares, compared to its average volume of 7,870,254. The company has a 50 day moving average of $135.49 and a two-hundred day moving average of $141.42. The firm has a market cap of $38.28 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

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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 of this dividend was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.79%. Vistra's payout ratio is presently 12.62%.

Insider Transactions at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated 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 trade represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VST. UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. BMO Capital Markets boosted their target price on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a research 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 eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $161.23.

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.