Sei Investments Co. Reduces Stock Position in Vistra Corp. (NYSE:VST)

Sei Investments Co. lessened its holdings in Vistra Corp. (NYSE:VST - Free Report) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,343 shares of the company's stock after selling 46,625 shares during the quarter. Sei Investments Co. owned 0.11% of Vistra worth $52,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Caprock Group LLC purchased a new position in Vistra in the third quarter valued at about $288,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Vistra during the 3rd quarter worth $787,000. PNC Financial Services Group Inc. increased its holdings in Vistra by 90.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 21,291 shares of the company's stock worth $2,524,000 after acquiring an additional 10,124 shares during the last quarter. Commerce Bank boosted its position in Vistra by 39.3% during the third quarter. Commerce Bank now owns 9,472 shares of the company's stock worth $1,123,000 after purchasing an additional 2,670 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Vistra by 61.1% in the third quarter. Advisors Asset Management Inc. now owns 21,135 shares of the company's stock worth $2,505,000 after purchasing an additional 8,013 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vistra

In related news, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Remove Ads

Vistra Price Performance

VST traded down $7.71 during trading on Wednesday, reaching $124.11. The stock had a trading volume of 6,718,217 shares, compared to its average volume of 7,500,219. The business has a 50-day moving average of $149.52 and a 200-day moving average of $139.79. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84. 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 cap of $42.22 billion, a PE ratio of 23.15, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. Vistra's dividend payout ratio is 12.62%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VST shares. Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. UBS Group raised their price target on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and decreased their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.83.

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.