Massachusetts Financial Services Co. MA Increases Stock Position in Vistra Corp. (NYSE:VST)

Massachusetts Financial Services Co. MA raised its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 63.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,260,363 shares of the company's stock after purchasing an additional 2,433,732 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.84% of Vistra worth $863,116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its position in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of 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 stake in Vistra during the 4th quarter worth approximately $28,000. West Branch Capital LLC acquired a new position in Vistra in the 4th quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra during the fourth quarter valued at $28,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

VST traded up $5.01 during midday trading on Wednesday, reaching $127.25. The company had a trading volume of 5,669,976 shares, compared to its average volume of 7,736,396. The business has a 50-day moving average price of $143.86 and a two-hundred day moving average price of $141.25. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84. The stock has a market cap of $43.28 billion, a PE ratio of 23.74, 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a $0.2235 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's payout ratio is currently 12.62%.

Insider Buying and Selling

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

Analyst Ratings Changes

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