Renaissance Technologies LLC Has $124.78 Million Stake in Vistra Corp. (NYSE:VST)

Renaissance Technologies LLC cut its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 905,051 shares of the company's stock after selling 42,500 shares during the period. Renaissance Technologies LLC owned about 0.27% of Vistra worth $124,779,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia increased its stake in shares of Vistra by 188.2% in the fourth quarter. Bank of Nova Scotia now owns 112,126 shares of the company's stock worth $15,459,000 after acquiring an additional 73,223 shares during the last quarter. Rathbones Group PLC acquired a new position in Vistra in the 4th quarter worth about $269,000. Polymer Capital Management HK LTD increased its position in Vistra by 10.2% in the 4th quarter. Polymer Capital Management HK LTD now owns 29,779 shares of the company's stock worth $4,106,000 after purchasing an additional 2,747 shares during the last quarter. Thames Capital Management LLC bought a new position in Vistra during the fourth quarter valued at approximately $8,036,000. Finally, Columbus Hill Capital Management L.P. increased its stake in shares of Vistra by 0.9% during the 4th quarter. Columbus Hill Capital Management L.P. now owns 111,000 shares of the company's stock worth $15,304,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Performance

NYSE VST traded up $2.46 during midday trading on Friday, hitting $111.72. The company had a trading volume of 5,250,949 shares, compared to its average volume of 7,905,322. The firm has a fifty day simple moving average of $133.17 and a two-hundred day simple moving average of $141.54. The stock has a market cap of $38.00 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84.

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Vistra Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 0.80%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. Vistra's payout ratio is currently 12.62%.

Insider Buying and Selling at Vistra

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were 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 in the company, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a research note on Friday. The Goldman Sachs Group began coverage on Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 price target for the company. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $159.69.

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.