Legal & General Group Plc Has $191.47 Million Stake in Vistra Corp. (NYSE:VST)

Legal & General Group Plc reduced its holdings in Vistra Corp. (NYSE:VST - Free Report) by 28.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,388,749 shares of the company's stock after selling 556,894 shares during the quarter. Legal & General Group Plc owned about 0.41% of Vistra worth $191,467,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Peregrine Asset Advisers Inc. increased its position in shares of Vistra by 3.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock valued at $285,000 after buying an additional 64 shares in the last quarter. Avior Wealth Management LLC raised its position in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Galvin Gaustad & Stein LLC lifted its holdings in shares of Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock valued at $286,000 after purchasing an additional 73 shares in the last quarter. Csenge Advisory Group lifted its stake in Vistra by 1.7% in the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock valued at $703,000 after buying an additional 83 shares in the last quarter. Finally, New Century Financial Group LLC increased its position in Vistra by 3.5% during the fourth quarter. New Century Financial Group LLC now owns 2,760 shares of the company's stock worth $381,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

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Vistra Stock Performance

VST stock traded up $2.46 during midday trading on Friday, hitting $111.72. 5,250,949 shares of the company traded hands, compared to its average volume of 7,890,819. The business has a 50 day simple moving average of $133.17 and a 200-day simple moving average of $141.35. The company has a quick ratio of 0.99, a current ratio of 1.11 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 stock has a market capitalization of $38.00 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

VST has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. Finally, Daiwa Capital Markets assumed 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. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $159.69.

Insider Transactions at Vistra

In other news, Director John William Pitesa purchased 1,500 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm'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 directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by corporate 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.