Geode Capital Management LLC Acquires 219,055 Shares of Vistra Corp. (NYSE:VST)

Geode Capital Management LLC grew its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,539,243 shares of the company's stock after buying an additional 219,055 shares during the quarter. Geode Capital Management LLC owned 2.51% of Vistra worth $1,174,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VST. Avior Wealth Management LLC grew its position in Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Vistra by 616.0% in 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 during the last quarter. Founders Capital Management bought a new position in shares of Vistra in the fourth quarter worth approximately $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the fourth quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra during the fourth quarter valued at about $28,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Down 15.2 %

Shares of Vistra stock traded down $19.27 on Thursday, reaching $107.92. The company's stock had a trading volume of 12,711,198 shares, compared to its average volume of 7,756,463. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The firm's fifty day simple moving average is $143.86 and its two-hundred day simple moving average is $141.25. 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 company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.12 and a beta of 1.21.

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Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.83%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Insiders Place Their Bets

In related news, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on VST. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and cut their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price 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. Daiwa America raised shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. Finally, UBS Group increased 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.50.

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.