Situational Awareness LP Buys Shares of 428,397 Vistra Corp. (NYSE:VST)

Situational Awareness LP bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 428,397 shares of the company's stock, valued at approximately $59,063,000. Vistra accounts for 23.2% of Situational Awareness LP's portfolio, making the stock its 2nd largest holding. Situational Awareness LP owned approximately 0.13% of Vistra as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VST. State Street Corp lifted its position in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC raised its stake in Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after buying an additional 1,000,307 shares during the last quarter. Appaloosa LP raised its stake in Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after buying an additional 1,429,612 shares during the last quarter. Castle Hook Partners LP lifted its holdings in shares of Vistra by 33.5% during 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. Finally, Rubric Capital Management LP boosted 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 worth $251,898,000 after buying an additional 797,894 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

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Vistra Price Performance

Shares of VST traded down $0.26 during trading hours on Friday, reaching $119.05. 7,019,711 shares of the stock traded hands, compared to its average volume of 7,723,410. The company has a market cap of $40.49 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company's 50-day moving average price is $147.39 and its two-hundred day moving average price is $140.40. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84.

Vistra Increases Dividend

The firm 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 $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.75%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's payout ratio is presently 12.62%.

Analyst Upgrades and Downgrades

VST has been the subject of a number of research reports. Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. UBS Group increased their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their target price on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Vistra presently has an average rating of "Moderate Buy" and a consensus price target of $163.50.

Insider Buying and Selling

In related news, Director John William Pitesa bought 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction on 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 owns 51,063 shares in the company, valued at approximately $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 company insiders.

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.