Forest Avenue Capital Management LP Has $72.77 Million Stock Position in Vistra Corp. (NYSE:VST)

Forest Avenue Capital Management LP cut its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 527,807 shares of the company's stock after selling 197,282 shares during the quarter. Vistra makes up 6.7% of Forest Avenue Capital Management LP's portfolio, making the stock its 6th largest holding. Forest Avenue Capital Management LP owned about 0.16% of Vistra worth $72,769,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Peregrine Asset Advisers Inc. lifted its holdings in 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 purchasing an additional 64 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Galvin Gaustad & Stein LLC boosted its holdings in shares of Vistra by 3.6% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock worth $286,000 after acquiring an additional 73 shares in the last quarter. Csenge Advisory Group grew its position in Vistra by 1.7% during the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock worth $703,000 after acquiring an additional 83 shares during the last quarter. Finally, New Century Financial Group LLC increased its holdings in Vistra by 3.5% during the 4th 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 and hedge funds own 90.88% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on VST shares. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. 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 note on Wednesday, January 22nd. UBS Group decreased their price target on shares of Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group initiated coverage on shares of Vistra in a research report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus price target of $159.69.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated 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. The trade was a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

Vistra Trading Up 2.7 %

VST traded up $3.05 during midday trading on Tuesday, reaching $115.74. 4,262,176 shares of the company were exchanged, compared to its average volume of 7,893,244. The stock has a market capitalization of $39.37 billion, a P/E ratio of 21.59, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84. The stock's 50-day simple moving average is $130.92 and its 200 day simple moving average is $141.32. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.77%. Vistra's dividend payout ratio (DPR) is presently 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.