Vistra Corp. (NYSE:VST) Stock Holdings Lifted by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT raised its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 388,200 shares of the company's stock after purchasing an additional 21,200 shares during the period. Vistra comprises 3.7% of Discovery Capital Management LLC CT's portfolio, making the stock its 7th biggest position. Discovery Capital Management LLC CT owned 0.11% of Vistra worth $53,521,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VST. State Street Corp raised its stake in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock worth $1,938,752,000 after buying an additional 1,037,402 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after acquiring an additional 219,055 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Norges Bank bought a new stake in Vistra during the fourth quarter valued at about $409,087,000. Finally, Appaloosa LP boosted its position in Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after purchasing an additional 1,429,612 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price for the company. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets upped their target price on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $163.50.

Insider Transactions at Vistra

In other news, Director John William Pitesa purchased 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $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 link. Also, Director Paul M. Barbas sold 24,136 shares of the company's 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 completion of the transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This trade 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.

Vistra Stock Performance

NYSE VST traded up $5.01 on Wednesday, hitting $127.25. 5,669,976 shares of the company's stock traded hands, compared to its average volume of 7,736,396. The firm's 50-day moving average price is $143.86 and its two-hundred day moving average price is $141.25. The firm has a market capitalization of $43.28 billion, a PE ratio of 23.74, a P/E/G ratio of 1.12 and a beta of 1.21. 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 1-year low of $64.26 and a 1-year high of $199.84.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 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.