Virtu Financial LLC Lowers Holdings in Vistra Corp. (NYSE:VST)

Virtu Financial LLC trimmed its stake in Vistra Corp. (NYSE:VST - Free Report) by 80.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,379 shares of the company's stock after selling 9,990 shares during the period. Virtu Financial LLC's holdings in Vistra were worth $328,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Peregrine Asset Advisers Inc. boosted its holdings in shares of Vistra by 3.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock valued at $285,000 after buying an additional 64 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Galvin Gaustad & Stein LLC grew its holdings in Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock worth $286,000 after purchasing an additional 73 shares during the period. Csenge Advisory Group increased its stake in shares of Vistra by 1.7% during the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock valued at $703,000 after purchasing an additional 83 shares in the last quarter. Finally, New Century Financial Group LLC increased its stake in shares of Vistra by 3.5% during the fourth quarter. New Century Financial Group LLC now owns 2,760 shares of the company's stock valued at $381,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 90.88% of the company's stock.

Remove Ads

Vistra Stock Performance

VST stock traded down $1.52 on Monday, hitting $117.53. The company had a trading volume of 7,762,744 shares, compared to its average volume of 7,723,580. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84. The stock has a market cap of $39.98 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.12 and a beta of 1.21. The stock's 50-day simple moving average is $146.31 and its 200 day simple moving average is $141.09.

Vistra Increases Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on VST shares. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research note on Friday. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $163.50.

Insider Buying and Selling at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction 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 transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

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.