Hurley Capital LLC Takes $1.54 Million Position in Vistra Corp. (NYSE:VST)

Hurley Capital LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,133 shares of the company's stock, valued at approximately $1,535,000. Vistra makes up approximately 1.2% of Hurley Capital LLC's holdings, making the stock its 23rd biggest holding.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Vistra during the fourth quarter worth about $409,087,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after buying an additional 2,433,732 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vistra during the 4th quarter valued at $237,441,000. Appaloosa LP lifted its holdings in shares of Vistra by 112.5% during the 4th 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. Finally, State Street Corp grew its position in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 0.9 %

VST traded up $0.95 on Wednesday, hitting $103.14. The company had a trading volume of 3,831,142 shares, compared to its average volume of 7,840,933. The stock has a fifty day moving average price of $137.61 and a 200-day moving average price of $141.53. 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 12-month low of $64.26 and a 12-month high of $199.84. The stock has a market capitalization of $35.08 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.12 and a beta of 1.21.

Remove Ads

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.87%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. Vistra's dividend payout ratio is presently 12.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on VST. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. 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 note on Tuesday, March 4th. 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. The Goldman Sachs Group started coverage on Vistra in a research note on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target on the stock. Finally, Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.23.

Insiders Place Their Bets

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

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.