MML Investors Services LLC Has $4.42 Million Stake in Vistra Corp. (NYSE:VST)

MML Investors Services LLC lifted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 47.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,047 shares of the company's stock after buying an additional 10,249 shares during the quarter. MML Investors Services LLC's holdings in Vistra were worth $4,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Vistra by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company's stock worth $1,174,326,000 after purchasing an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after buying an additional 2,433,732 shares during the period. Norges Bank acquired a new stake in shares of Vistra during the 4th quarter worth approximately $409,087,000. Appaloosa LP raised its stake in shares of Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after buying an additional 1,429,612 shares during the last quarter. Finally, Capital International Investors acquired a new position in Vistra in the fourth quarter valued at approximately $286,414,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction dated 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 in the company, valued at $6,341,513.97. This trade 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 brokerages have commented on VST. Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective for the company. UBS Group reduced their target price on Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Daiwa America raised Vistra to a "hold" rating in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group started coverage on shares of Vistra in a research note on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Vistra currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.17.

Vistra Stock Up 1.9 %

VST traded up $2.39 during trading on Monday, hitting $129.03. The company had a trading volume of 2,986,857 shares, compared to its average volume of 8,849,017. The firm's 50-day moving average price is $122.87 and its 200 day moving average price is $140.86. The company has a market capitalization of $43.89 billion, a PE ratio of 24.07, a PEG ratio of 1.12 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a one year low of $66.50 and a one year high of $199.84.

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 issued a dividend of $0.2235 per share. The ex-dividend date of this dividend was Thursday, March 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.69%. Vistra's dividend payout ratio (DPR) is presently 12.62%.

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.