Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 534,833 shares of the company's stock after purchasing an additional 57,266 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Vistra worth $73,737,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its stake in Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after buying an additional 1,000,307 shares during the last quarter. Appaloosa LP boosted its stake in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after acquiring an additional 1,429,612 shares during the period. Assetmark Inc. increased its holdings in shares of Vistra by 12.3% during the 4th quarter. Assetmark Inc. now owns 1,779,846 shares of the company's stock worth $245,387,000 after acquiring an additional 194,404 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Vistra in the 4th quarter valued at $237,441,000. 90.88% of the stock is currently owned by institutional investors.
Insider Activity at Vistra
In related news, 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 sale, the director now owns 51,063 shares of the company's stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction on 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 acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by insiders.
Vistra Price Performance
VST traded up $2.67 on Tuesday, hitting $120.11. 1,301,407 shares of the stock were exchanged, compared to its average volume of 7,699,787. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The firm has a market capitalization of $40.86 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.12 and a beta of 1.21. The business has a 50-day moving average of $146.31 and a two-hundred day moving average of $141.09.
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. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.74%. Vistra's dividend payout ratio (DPR) is currently 12.62%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa America raised shares of Vistra to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a report on Friday. UBS Group boosted their price objective on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.50.
View Our Latest Report on Vistra
Vistra Company Profile
(
Free Report)
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.
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