Vistra Corp. (NYSE:VST) Position Cut by Senator Investment Group LP

Senator Investment Group LP lowered its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 25.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 156,984 shares of the company's stock after selling 53,016 shares during the period. Senator Investment Group LP's holdings in Vistra were worth $21,643,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of VST. Avior Wealth Management LLC grew its position 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 purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC boosted 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 buying an additional 154 shares during the period. Founders Capital Management bought a new position in Vistra in the 4th quarter worth approximately $28,000. West Branch Capital LLC acquired a new stake in Vistra in the 4th quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In other news, Director John William Pitesa purchased 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was 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 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. Company insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VST shares. JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. UBS Group dropped their price target on shares of Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective for the company. Finally, Bank of America raised Vistra from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Vistra presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.17.

Vistra Stock Performance

Shares of Vistra stock opened at $115.26 on Monday. The stock has a market cap of $39.21 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $65.32 and a 12 month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business has a fifty day simple moving average of $127.80 and a 200-day simple moving average of $141.25.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, March 20th. Vistra's dividend payout ratio (DPR) is currently 12.62%.

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.

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.