Pictet Asset Management Holding SA Has $185.64 Million Stake in Vistra Corp. (NYSE:VST)

Pictet Asset Management Holding SA increased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 61.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,346,450 shares of the company's stock after buying an additional 510,465 shares during the quarter. Pictet Asset Management Holding SA owned about 0.40% of Vistra worth $185,635,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VST. 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 purchasing an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of 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 in the last quarter. Norges Bank acquired a new stake in shares of Vistra during the 4th quarter worth approximately $409,087,000. Appaloosa LP increased its stake in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after acquiring an additional 1,429,612 shares during the last quarter. Finally, Assetmark Inc. raised its position in Vistra by 12.3% during the fourth quarter. Assetmark Inc. now owns 1,779,846 shares of the company's stock valued at $245,387,000 after purchasing an additional 194,404 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

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Vistra Trading Up 2.7 %

VST stock traded up $3.13 during trading on Tuesday, hitting $120.57. The company had a trading volume of 2,211,418 shares, compared to its average volume of 7,703,074. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84. The business has a 50-day moving average of $146.31 and a 200-day moving average of $141.09. The stock has a market cap of $41.01 billion, a PE ratio of 22.42, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 12.62%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VST shares. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Evercore ISI initiated coverage on Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price on the stock. UBS Group increased their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $163.50.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the 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 owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

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.