Rockefeller Capital Management L.P. Grows Stock Position in Vistra Corp. (NYSE:VST)

Rockefeller Capital Management L.P. lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 239.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,832 shares of the company's stock after buying an additional 51,358 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Vistra were worth $10,040,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VST. Avior Wealth Management LLC increased its stake in shares of 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 purchasing an additional 65 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after buying an additional 154 shares during the period. Founders Capital Management acquired a new position in shares of Vistra during the 4th quarter valued at $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the fourth quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of Vistra during the fourth quarter worth $28,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity

In related news, Director John William Pitesa bought 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm's 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 completion of the sale, the director now directly owns 51,063 shares in the company, 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. Insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

VST has been the topic of several recent analyst reports. UBS Group cut their price target on shares of Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. BMO Capital Markets upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.17.

Vistra Trading Down 0.5 %

Shares of NYSE:VST traded down $0.61 during midday trading on Friday, reaching $115.26. The company's stock had a trading volume of 4,836,332 shares, compared to its average volume of 7,892,271. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.12 and a beta of 1.21. The firm has a 50 day moving average price of $127.80 and a two-hundred day moving average price of $141.08. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84.

Vistra Increases Dividend

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