Meeder Asset Management Inc. boosted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 186.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,487 shares of the company's stock after acquiring an additional 28,967 shares during the quarter. Meeder Asset Management Inc.'s holdings in Vistra were worth $6,133,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Lionsbridge Wealth Management LLC acquired a new stake in Vistra during the 4th quarter worth approximately $277,000. Dakota Wealth Management acquired a new position in Vistra in the fourth quarter valued at $231,000. Retirement Systems of Alabama grew its stake in Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock worth $9,361,000 after buying an additional 6,920 shares during the last quarter. First Sabrepoint Capital Management LP purchased a new position in Vistra during the 3rd quarter worth $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new position in shares of Vistra in the fourth quarter valued at approximately $565,000. Institutional investors and hedge funds own 90.88% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on VST. JPMorgan Chase & Co. cut their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Daiwa Capital Markets started coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. UBS Group upped their price objective on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets upped their price objective 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $163.50.
Check Out Our Latest Research Report on VST
Insider Transactions at Vistra
In related news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the sale, 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. Company insiders own 1.42% of the company's stock.
Vistra Trading Up 4.1 %
Shares of NYSE VST traded up $5.01 during midday trading on Wednesday, hitting $127.25. The stock had a trading volume of 5,573,062 shares, compared to its average volume of 7,725,799. The company has a fifty day moving average price of $145.05 and a 200 day moving average price of $141.35. The company has a market capitalization of $43.28 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, March 20th. Vistra's payout ratio is currently 12.62%.
Vistra Company Profile
(
Free Report)
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.
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