Greenland Capital Management LP Takes Position in Vistra Corp. (NYSE:VST)

Greenland Capital Management LP purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,500 shares of the company's stock, valued at approximately $1,172,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VST. Integrated Wealth Concepts LLC grew its position in Vistra by 4.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 4,469 shares of the company's stock valued at $530,000 after acquiring an additional 204 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Vistra in the third quarter valued at approximately $631,000. Quantinno Capital Management LP increased its stake in Vistra by 31.7% during the 3rd quarter. Quantinno Capital Management LP now owns 23,074 shares of the company's stock worth $2,735,000 after buying an additional 5,558 shares during the period. EP Wealth Advisors LLC acquired a new stake in Vistra during the 3rd quarter worth approximately $931,000. Finally, Zacks Investment Management lifted its holdings in Vistra by 6.7% during the 3rd quarter. Zacks Investment Management now owns 34,690 shares of the company's stock worth $4,112,000 after buying an additional 2,179 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were bought 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 of the company's stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

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Vistra Trading Up 2.3 %

VST traded up $2.46 on Friday, reaching $111.72. 5,250,949 shares of the company's stock were exchanged, compared to its average volume of 7,890,819. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84. The company's 50 day moving average is $133.17 and its 200-day moving average is $141.35. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a market cap of $38.00 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 12.62%.

Wall Street Analyst Weigh In

Several research firms recently commented on VST. Bank of America raised 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 assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. BMO Capital Markets lifted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $159.69.

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.