Objectivity Squared LLC Takes Position in Vistra Corp. (NYSE:VST)

Objectivity Squared LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,273 shares of the company's stock, valued at approximately $313,000.

Several other hedge funds have also recently bought and sold shares of VST. Raymond James Financial Inc. acquired a new position in Vistra during the 4th quarter worth approximately $237,441,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. State Street Corp increased its stake in shares of 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 raised its holdings in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after buying an additional 1,000,307 shares during the last quarter. Finally, Rubric Capital Management LP boosted its position in Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock worth $251,898,000 after buying an additional 797,894 shares during the period. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VST has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective for the company. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Finally, Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and an average price target of $162.83.

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Vistra Stock Down 3.2 %

Shares of VST stock traded down $3.95 on Thursday, reaching $117.98. 8,022,189 shares of the company were exchanged, compared to its average volume of 7,512,052. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a 50-day moving average of $156.60 and a 200-day moving average of $136.53. The company has a market cap of $39.99 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $59.93 and a one year high of $199.84.

Vistra Increases Dividend

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

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.