Vanguard Group Inc. Has $5.98 Billion Holdings in Vistra Corp. (NYSE:VST)

Vanguard Group Inc. cut its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 43,367,228 shares of the company's stock after selling 371,545 shares during the period. Vanguard Group Inc. owned approximately 12.75% of Vistra worth $5,979,040,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 worth $25,000 after purchasing an additional 154 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after buying an additional 65 shares in the last quarter. Founders Capital Management purchased a new position in Vistra in the 4th quarter valued at about $28,000. West Branch Capital LLC purchased a new position in Vistra in the 4th quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Vistra during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Down 6.4 %

NYSE VST traded down $8.42 during trading on Wednesday, reaching $123.39. The company's stock had a trading volume of 5,207,431 shares, compared to its average volume of 7,493,965. 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 stock has a market capitalization of $41.97 billion, a PE ratio of 23.09, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The business has a 50-day moving average price of $150.42 and a 200-day moving average price of $139.90.

Remove Ads

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 12.62%.

Wall Street Analyst Weigh In

VST has been the topic of several recent analyst reports. Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. UBS Group lifted their price target 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. Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. Finally, BMO Capital Markets boosted 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.83.

Insider Transactions at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction that occurred on 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 sale, the director now 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 through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by corporate insiders.

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.