1,722,209 Shares in Vistra Corp. (NYSE:VST) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,722,209 shares of the company's stock, valued at approximately $237,441,000. Raymond James Financial Inc. owned about 0.51% of Vistra as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VST. Massachusetts Financial Services Co. MA raised its position 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 worth $453,609,000 after purchasing an additional 1,293,974 shares during the last quarter. State Street Corp grew its holdings in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Janus Henderson Group PLC grew its holdings in Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the period. Rubric Capital Management LP grew its stake in shares of Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after buying an additional 797,894 shares during the period. Finally, Castle Hook Partners LP grew its stake in shares of Vistra by 33.5% in the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock valued at $309,422,000 after buying an additional 654,568 shares during the period. 90.88% of the stock is owned by institutional investors.

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Analyst Ratings Changes

VST has been the subject of several research reports. BMO Capital Markets raised their target price on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Morgan Stanley lifted their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $162.83.

Vistra Stock Performance

Vistra stock traded down $0.45 during mid-day trading on Friday, reaching $113.96. The company's stock had a trading volume of 9,790,691 shares, compared to its average volume of 9,662,566. Vistra Corp. has a 12-month low of $57.50 and a 12-month high of $199.84. The company has a market capitalization of $38.63 billion, a P/E ratio of 21.26, a PEG ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm's fifty day moving average price is $158.02 and its two-hundred day moving average price is $136.25.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. Vistra's payout ratio is currently 12.62%.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.42% of the company's stock.

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.