LPL Financial LLC Acquires 116,226 Shares of Vistra Corp. (NYSE:VST)

LPL Financial LLC lifted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 58.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 315,464 shares of the company's stock after buying an additional 116,226 shares during the quarter. LPL Financial LLC owned about 0.09% of Vistra worth $43,493,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of Vistra by 6.8% during the 3rd 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. Janus Henderson Group PLC grew its holdings in Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the period. Appaloosa LP grew its holdings in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the period. Assetmark Inc. increased its stake in Vistra by 12.3% in the fourth quarter. Assetmark Inc. now owns 1,779,846 shares of the company's stock valued at $245,387,000 after purchasing an additional 194,404 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Vistra during the 4th quarter worth about $237,441,000. Institutional investors own 90.88% of the company's stock.

Vistra Stock Performance

Shares of Vistra stock traded up $4.57 during mid-day trading on Tuesday, hitting $122.01. 8,046,022 shares of the stock were exchanged, compared to its average volume of 7,734,189. The company has a market capitalization of $41.50 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.12 and a beta of 1.21. 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 50-day simple moving average of $145.05 and a 200 day simple moving average of $141.35. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84.

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Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.2235 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.73%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 12.62%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America raised Vistra from a "neutral" rating to a "buy" rating and decreased their target price for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. Finally, UBS Group raised their price objective on shares of Vistra from $161.00 to $174.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus price target of $163.50.

Insider Buying and Selling at Vistra

In related news, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Corporate insiders own 1.42% of the company's stock.

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.