Mercuria Capital Strategies LLC Takes Position in Vistra Corp. (NYSE:VST)

Mercuria Capital Strategies LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,000 shares of the company's stock, valued at approximately $4,825,000. Vistra makes up 1.9% of Mercuria Capital Strategies LLC's holdings, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avior Wealth Management LLC lifted its stake in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Founders Capital Management bought a new stake in shares of Vistra in the 4th quarter valued at about $28,000. West Branch Capital LLC bought a new stake in shares of Vistra in the 4th quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra in the 4th quarter valued at about $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Down 3.2 %

NYSE VST traded down $3.95 during trading hours on Thursday, hitting $117.98. 8,022,189 shares of the company were exchanged, compared to its average volume of 7,520,673. The stock has a 50-day moving average price of $156.60 and a 200 day moving average price of $136.53. 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 52 week low of $60.73 and a 52 week high of $199.84. The stock has a market cap of $39.99 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

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Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's payout ratio is presently 12.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Daiwa Capital Markets started coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. Finally, Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.83.

Insider Activity

In related news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was 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 in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company's stock.

About Vistra

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.