Swiss National Bank Sells 61,000 Shares of Vistra Corp. (NYSE:VST)

Swiss National Bank reduced its stake in Vistra Corp. (NYSE:VST - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 970,473 shares of the company's stock after selling 61,000 shares during the quarter. Swiss National Bank owned approximately 0.29% of Vistra worth $133,799,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Pathway Financial Advisers LLC lifted its position in shares of Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Avior Wealth Management LLC increased its stake in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after buying an additional 65 shares during the last quarter. Founders Capital Management bought a new position in shares of Vistra during the 4th quarter worth approximately $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the 4th quarter worth approximately $28,000. 90.88% of the stock is currently owned by institutional investors.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares of the company's stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VST shares. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price target on the stock. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and cut their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa America upgraded shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.83.

Remove Ads

Vistra Stock Down 3.2 %

VST opened at $117.98 on Friday. Vistra Corp. has a 12 month low of $60.73 and a 12 month high of $199.84. The company has a market cap of $40.13 billion, a PE ratio of 22.01, 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 has a 50 day moving average of $156.60 and a 200 day moving average of $136.53.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, March 20th. Vistra's dividend payout ratio (DPR) is presently 12.62%.

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.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.