Riposte Capital LLC Sells 25,000 Shares of Vistra Corp. (NYSE:VST)

Riposte Capital LLC lowered its holdings in Vistra Corp. (NYSE:VST - Free Report) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the company's stock after selling 25,000 shares during the period. Vistra makes up about 2.6% of Riposte Capital LLC's portfolio, making the stock its 5th largest holding. Riposte Capital LLC's holdings in Vistra were worth $13,787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Vistra in the fourth quarter valued at about $237,441,000. Appaloosa LP increased its stake in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. State Street Corp raised its holdings in shares of 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 buying an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of 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 buying an additional 1,000,307 shares during the last quarter. Finally, Rubric Capital Management LP boosted its stake in Vistra by 60.1% in the third 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 in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

VST has been the subject of a number of research reports. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. UBS Group raised their target price on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. BMO Capital Markets upped their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target for the company. Finally, Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.83.

Vistra Trading Down 5.8 %

Shares of VST traded down $7.71 during mid-day trading on Wednesday, reaching $124.11. 5,876,568 shares of the company were exchanged, compared to its average volume of 7,499,166. The business has a 50 day simple moving average of $150.42 and a two-hundred day simple moving average of $139.90. 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 stock has a market capitalization of $42.22 billion, a PE ratio of 23.15, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 12.62%.

Insider Activity

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 shares were bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm'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 directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This represents 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.

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.