TD Waterhouse Canada Inc. Increases Stake in Vistra Corp. (NYSE:VST)

TD Waterhouse Canada Inc. increased its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,556 shares of the company's stock after buying an additional 3,770 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Vistra were worth $1,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new position in Vistra during the 3rd quarter worth $631,000. Virtu Financial LLC purchased a new position in shares of Vistra during the 3rd quarter worth approximately $1,466,000. Fulcrum Equity Management raised its stake in shares of Vistra by 2.8% during the 3rd quarter. Fulcrum Equity Management now owns 13,549 shares of the company's stock worth $1,606,000 after buying an additional 364 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of Vistra in the 3rd quarter valued at approximately $208,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Vistra in the third quarter valued at approximately $351,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Bank of America upgraded shares of 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 note on Tuesday, March 4th. BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. Finally, Daiwa Capital Markets initiated coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.17.

Insider Activity at Vistra

In other news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction on 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 completion of the transaction, the director now owns 51,063 shares of the company's stock, valued at $6,341,513.97. This trade 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 corporate insiders.

Vistra Price Performance

NYSE:VST traded down $0.06 during trading hours on Tuesday, reaching $129.56. 1,339,127 shares of the company traded hands, compared to its average volume of 7,875,282. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The stock has a market cap of $44.07 billion, a P/E ratio of 24.07, a P/E/G ratio of 1.12 and a beta of 1.21. The firm's 50-day moving average is $122.07 and its 200-day moving average is $140.89. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 12.62%.

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.