Tower Research Capital LLC TRC Acquires 10,885 Shares of Vistra Corp. (NYSE:VST)

Tower Research Capital LLC TRC increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 63.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,049 shares of the company's stock after buying an additional 10,885 shares during the period. Tower Research Capital LLC TRC's holdings in Vistra were worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Vistra in the 4th quarter valued at about $409,087,000. Massachusetts Financial Services Co. MA increased its position in Vistra by 63.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after buying an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new stake in Vistra in the fourth quarter valued at approximately $286,414,000. Raymond James Financial Inc. acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $237,441,000. Finally, Appaloosa LP boosted its stake 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 acquiring an additional 1,429,612 shares during the period. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

Shares of NYSE:VST traded up $4.13 during trading on Thursday, reaching $124.13. 5,432,709 shares of the company traded hands, compared to its average volume of 7,889,476. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The firm has a market capitalization of $42.22 billion, a PE ratio of 23.16, a PEG ratio of 1.12 and a beta of 1.21. The company's 50 day moving average is $124.59 and its two-hundred day moving average is $140.69.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.72%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's dividend payout ratio is presently 12.62%.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Vistra in a research note on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target on the stock. UBS Group cut their target price on shares of Vistra from $174.00 to $154.00 and set a "buy" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $166.17.

Insider Buying and Selling at Vistra

In other news, 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 completion of the transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.42% of the company's stock.

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.