Vistra Corp. (NYSE:VST) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC decreased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,594,574 shares of the company's stock after selling 429,009 shares during the period. Neuberger Berman Group LLC owned approximately 0.76% of Vistra worth $357,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VST. Avior Wealth Management LLC raised its position in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after buying an additional 65 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the period. Founders Capital Management purchased a new position in Vistra during the fourth quarter worth about $28,000. West Branch Capital LLC acquired a new stake in Vistra in the fourth quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company's 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 transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group cut their target price on Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a research note on Friday. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 target price on the stock. BMO Capital Markets raised 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $159.69.

Vistra Price Performance

VST stock traded up $2.46 on Friday, reaching $111.72. The company had a trading volume of 5,250,949 shares, compared to its average volume of 7,890,819. The company's fifty day moving average is $133.17 and its 200 day moving average is $141.35. The company has a market cap of $38.00 billion, a P/E ratio of 20.84, 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. Vistra Corp. has a 1 year low of $64.26 and a 1 year high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given 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 dividend yield of 0.80%. The ex-dividend date was Thursday, March 20th. Vistra's dividend payout ratio is currently 12.62%.

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.