Trivest Advisors Ltd Purchases 65,200 Shares of Vistra Corp. (NYSE:VST)

Trivest Advisors Ltd lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 139.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,000 shares of the company's stock after purchasing an additional 65,200 shares during the period. Trivest Advisors Ltd's holdings in Vistra were worth $15,441,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VST. Harvest Fund Management Co. Ltd increased its stake in Vistra by 16.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 23,934 shares of the company's stock valued at $3,301,000 after purchasing an additional 3,326 shares in the last quarter. Crown Advisors Management Inc. acquired a new position in Vistra during the fourth quarter worth $1,378,000. Fox Hill Wealth Management lifted its stake in Vistra by 1.5% in the fourth quarter. Fox Hill Wealth Management now owns 21,420 shares of the company's stock valued at $2,953,000 after acquiring an additional 322 shares during the last quarter. Xponance Inc. lifted its stake in Vistra by 15.7% in the fourth quarter. Xponance Inc. now owns 87,920 shares of the company's stock valued at $12,122,000 after acquiring an additional 11,936 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in Vistra by 69.4% in the fourth quarter. Horizon Investments LLC now owns 19,430 shares of the company's stock valued at $2,679,000 after acquiring an additional 7,961 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 0.9 %

Shares of VST stock traded down $1.15 during mid-day trading on Friday, hitting $130.75. The company's stock had a trading volume of 7,472,453 shares, compared to its average volume of 7,504,955. The company's fifty day simple moving average is $151.74 and its 200-day simple moving average is $139.08. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. 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 company has a market cap of $44.47 billion, a PE ratio of 24.39, a P/E/G ratio of 1.12 and a beta of 1.21.

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Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.68%. Vistra's dividend payout ratio (DPR) is currently 12.62%.

Wall Street Analysts Forecast Growth

VST has been the subject of several research analyst reports. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price for the company. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Vistra currently has an average rating of "Moderate Buy" and a consensus price target of $162.83.

Insider Activity

In other Vistra news, Director John William Pitesa bought 1,500 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, for a total transaction 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 represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred 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 $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by company insiders.

Vistra Company 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.