Sirios Capital Management L P Cuts Stake in Vistra Corp. (NYSE:VST)

Sirios Capital Management L P trimmed its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,409 shares of the company's stock after selling 3,523 shares during the period. Vistra makes up about 2.9% of Sirios Capital Management L P's investment portfolio, making the stock its 12th biggest position. Sirios Capital Management L P's holdings in Vistra were worth $16,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Vistra by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock valued at $1,174,326,000 after acquiring an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Norges Bank acquired a new position in Vistra in the fourth quarter valued at about $409,087,000. Appaloosa LP grew its position in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after buying an additional 1,429,612 shares during the period. Finally, Capital International Investors bought a new stake in shares of Vistra in the 4th quarter valued at about $286,414,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Trading Up 3.4 %

Shares of Vistra stock opened at $124.13 on Friday. The stock has a fifty day moving average price of $123.72 and a 200-day moving average price of $140.64. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm has a market cap of $42.22 billion, a PE ratio of 23.16, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a $0.2235 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Thursday, March 20th. Vistra's dividend payout ratio (DPR) is currently 12.62%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VST. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective for the company. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group started coverage on Vistra in a report on Friday, April 4th. They set a "neutral" rating and a $134.00 target price on the stock. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, Daiwa Capital Markets began coverage on Vistra in a research report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $166.17.

Insider Buying and Selling at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

Vistra 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.