Picton Mahoney Asset Management Sells 4,909 Shares of Vistra Corp. (NYSE:VST)

Picton Mahoney Asset Management lessened its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,434 shares of the company's stock after selling 4,909 shares during the quarter. Picton Mahoney Asset Management's holdings in Vistra were worth $12,330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its holdings in shares of Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after acquiring an additional 1,000,307 shares during the last quarter. Appaloosa LP raised its stake in shares of 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, Castle Hook Partners LP raised its stake in shares of Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock valued at $309,422,000 after acquiring an additional 654,568 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

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Wall Street Analyst Weigh In

VST has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Daiwa Capital Markets assumed coverage on shares of Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $162.83.

Vistra Trading Down 1.4 %

Shares of VST stock traded down $1.75 on Tuesday, reaching $124.54. The company had a trading volume of 4,641,979 shares, compared to its average volume of 7,496,797. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market cap of $42.36 billion, a PE ratio of 23.23, a PEG ratio of 1.12 and a beta of 1.21. The company has a 50-day moving average of $154.45 and a 200-day moving average of $137.71. Vistra Corp. has a 12 month low of $60.86 and a 12 month high of $199.84.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given 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 0.72%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 12.62%.

Insider Activity at Vistra

In related news, 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 transaction of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares of the company's stock, 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 can be accessed through this link. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by corporate insiders.

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.