Vistra Corp. (NYSE:VST) Stake Lowered by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in Vistra Corp. (NYSE:VST - Free Report) by 54.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,925 shares of the company's stock after selling 215,280 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Vistra worth $25,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Peregrine Asset Advisers Inc. grew its holdings in Vistra by 3.2% in the 4th 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 during the period. Avior Wealth Management LLC boosted its position in shares of Vistra by 56.5% in 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 grew its holdings in 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 during the period. Csenge Advisory Group increased its position in Vistra by 1.7% during the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock worth $703,000 after purchasing an additional 83 shares during the last quarter. Finally, New Century Financial Group LLC raised its stake 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 purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 90.88% of the company's stock.

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Insiders Place Their Bets

In related news, Director Paul M. Barbas sold 24,136 shares of the firm's stock in a transaction on 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 in the company, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction 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 acquisition, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. This trade represents 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 company insiders.

Vistra Stock Down 1.3 %

Shares of Vistra stock traded down $1.52 on Monday, hitting $117.53. 7,762,744 shares of the company's stock traded hands, compared to its average volume of 7,723,580. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm's 50-day moving average is $146.31 and its 200 day moving average is $141.09. The stock has a market cap of $39.98 billion, a P/E ratio of 21.93, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84.

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 represents a $0.89 dividend on an annualized basis and a yield of 0.76%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra's dividend payout ratio is 12.62%.

Wall Street Analysts Forecast Growth

VST has been the subject of several research reports. Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. BMO Capital Markets boosted 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. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $163.50.

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.