Vistra Corp. (NYSE:VST) Stock Position Raised by Horizon Investments LLC

Horizon Investments LLC grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 69.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,430 shares of the company's stock after purchasing an additional 7,961 shares during the period. Horizon Investments LLC's holdings in Vistra were worth $2,679,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Vistra in the 4th quarter valued at about $237,441,000. Appaloosa LP boosted its position in shares of Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the period. State Street Corp increased 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 worth $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VST. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and cut their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price target on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus price target of $162.83.

Vistra Stock Down 0.9 %

Shares of NYSE VST traded down $1.15 during midday trading on Friday, reaching $130.75. 7,472,453 shares of the company's stock were exchanged, compared to its average volume of 7,504,955. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The business's fifty day moving average price is $151.74 and its two-hundred day moving average price is $138.64. The stock has a market capitalization of $44.47 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.68%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra's dividend payout ratio is presently 12.62%.

Insider Activity

In related news, Director John William Pitesa purchased 1,500 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm'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 directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.