Loomis Sayles & Co. L P Has $25.86 Million Stock Position in Vistra Corp. (NYSE:VST)

Loomis Sayles & Co. L P trimmed its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 38.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,559 shares of the company's stock after selling 118,194 shares during the quarter. Loomis Sayles & Co. L P owned about 0.06% of Vistra worth $25,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Avior Wealth Management LLC raised its stake in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after buying an additional 154 shares in the last quarter. Founders Capital Management bought a new position in shares of Vistra in the fourth quarter valued at approximately $28,000. West Branch Capital LLC acquired a new position in shares of Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VST. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. 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 target for the company. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. Finally, BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $163.50.

Remove Ads

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 24,136 shares of the firm's 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 transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Down 2.9 %

NYSE:VST traded down $3.41 during trading hours on Monday, hitting $115.64. 3,492,613 shares of the stock traded hands, compared to its average volume of 7,707,127. The firm has a 50 day moving average price of $147.39 and a 200 day moving average price of $140.83. The firm has a market cap of $39.34 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid 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 yield of 0.77%. The ex-dividend date is Thursday, March 20th. Vistra's dividend payout ratio is currently 12.62%.

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.