Vistra Corp. (NYSE:VST) Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its holdings in Vistra Corp. (NYSE:VST - Free Report) by 44.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 352,428 shares of the company's stock after selling 286,716 shares during the period. Korea Investment CORP owned about 0.10% of Vistra worth $48,589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VST. Lionsbridge Wealth Management LLC purchased a new position in Vistra in the 4th quarter valued at $277,000. Dakota Wealth Management purchased a new stake in Vistra during the 4th quarter valued at about $231,000. Retirement Systems of Alabama raised its holdings in Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock valued at $9,361,000 after acquiring an additional 6,920 shares during the last quarter. First Sabrepoint Capital Management LP purchased a new position in Vistra in the 3rd quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new position in shares of Vistra during the 4th quarter worth approximately $565,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Finally, Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Two 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 presently has an average rating of "Moderate Buy" and a consensus price target of $163.50.

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Insider Buying and Selling

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

Vistra Stock Down 3.7 %

VST traded down $4.40 on Monday, hitting $114.65. 3,181,936 shares of the company were exchanged, compared to its average volume of 9,113,411. The firm has a 50-day moving average price of $147.39 and a two-hundred day moving average price of $140.83. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84. The company has a market cap of $39.00 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a $0.2235 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.78%. Vistra's dividend payout ratio (DPR) is 12.62%.

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.