Quarry LP Cuts Stock Holdings in Vistra Corp. (NYSE:VST)

Quarry LP lowered its holdings in Vistra Corp. (NYSE:VST - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,378 shares of the company's stock after selling 7,762 shares during the quarter. Vistra makes up 0.4% of Quarry LP's portfolio, making the stock its 28th biggest position. Quarry LP's holdings in Vistra were worth $2,947,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VST. Lionsbridge Wealth Management LLC bought a new position in Vistra in the fourth quarter worth about $277,000. Dakota Wealth Management purchased a new position in shares of Vistra in the 4th quarter worth approximately $231,000. Retirement Systems of Alabama raised its stake in shares of Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock worth $9,361,000 after acquiring an additional 6,920 shares in the last quarter. Legal Advantage Investments Inc. purchased a new stake in Vistra during the fourth quarter valued at approximately $565,000. Finally, Viking Fund Management LLC boosted its stake in Vistra by 90.0% in the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock valued at $2,620,000 after acquiring an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Trading Up 2.0 %

Shares of Vistra stock opened at $126.70 on Friday. The stock has a market cap of $43.10 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The firm has a fifty day moving average price of $122.87 and a 200 day moving average price of $140.74. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

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 issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 12.62%.

Insider Transactions at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company'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 sale, the director now 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 SEC, which is accessible through this link. Also, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on VST. Daiwa America upgraded Vistra to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. UBS Group lowered their price target on Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a report on Friday, April 11th. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. Finally, Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $166.17.

About Vistra

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.

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