2,967,196 Shares in Vistra Corp. (NYSE:VST) Purchased by Norges Bank

Norges Bank acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,967,196 shares of the company's stock, valued at approximately $409,087,000. Norges Bank owned approximately 0.87% of Vistra at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VST. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vistra during the 3rd quarter valued at about $222,000. The Manufacturers Life Insurance Company lifted its position in Vistra by 3.9% during the third quarter. The Manufacturers Life Insurance Company now owns 228,569 shares of the company's stock valued at $27,095,000 after purchasing an additional 8,647 shares during the period. Townsquare Capital LLC boosted its holdings in Vistra by 12.9% in the third quarter. Townsquare Capital LLC now owns 4,838 shares of the company's stock worth $573,000 after purchasing an additional 554 shares during the last quarter. Freedom Investment Management Inc. grew its position in Vistra by 13.8% in the 3rd quarter. Freedom Investment Management Inc. now owns 4,376 shares of the company's stock worth $519,000 after purchasing an additional 530 shares during the period. Finally, Glenmede Trust Co. NA raised its stake in Vistra by 49.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 17,560 shares of the company's stock valued at $2,082,000 after buying an additional 5,788 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of research reports. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday. Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and an average price target of $163.50.

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Insider Buying and Selling

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 transaction, the director now directly owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. The trade was 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 acquired 1,500 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost 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 in the company, 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. 1.42% of the stock is currently owned by insiders.

Vistra Price Performance

NYSE:VST traded down $1.52 during trading hours on Monday, hitting $117.53. 7,762,744 shares of the stock traded hands, compared to its average volume of 7,723,565. The stock has a 50 day moving average price of $147.39 and a 200 day moving average price of $140.83. 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 company has a market cap of $39.98 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth 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.

Vistra Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 0.76%. This is an increase from Vistra's previous quarterly dividend of $0.22. 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.