Vistra Corp. (NYSE:VST) Shares Purchased by M&T Bank Corp

M&T Bank Corp boosted its stake in Vistra Corp. (NYSE:VST - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,475 shares of the company's stock after buying an additional 2,711 shares during the quarter. M&T Bank Corp's holdings in Vistra were worth $5,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of VST. Massachusetts Financial Services Co. MA grew its stake in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after acquiring an additional 1,293,974 shares during the period. State Street Corp raised its stake in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after buying an additional 1,037,402 shares during the period. Janus Henderson Group PLC increased its stake in shares of Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the period. Rubric Capital Management LP increased its stake in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock worth $251,898,000 after purchasing an additional 797,894 shares during the period. Finally, Castle Hook Partners LP increased its stake in Vistra by 33.5% during the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock worth $309,422,000 after acquiring an additional 654,568 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

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Vistra Stock Performance

Shares of Vistra stock traded down $0.45 during trading on Friday, hitting $113.96. 9,790,691 shares of the company's stock were exchanged, compared to its average volume of 9,662,566. The stock has a market capitalization of $38.63 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The business has a 50-day simple moving average of $158.02 and a 200-day simple moving average of $135.87. Vistra Corp. has a 52-week low of $57.50 and a 52-week high of $199.84.

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 issued a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 12.62%.

Insiders Place Their Bets

In related news, Director Scott B. Helm sold 20,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. UBS Group boosted their target price on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday. They set a "neutral" rating and a $120.00 price target for the company. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday. Finally, BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Vistra currently has an average rating of "Moderate Buy" and an average price target of $162.83.

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.