3Chopt Investment Partners LLC Has $6.56 Million Stock Holdings in Vistra Corp. (NYSE:VST)

3Chopt Investment Partners LLC trimmed its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 7.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,568 shares of the company's stock after selling 3,641 shares during the quarter. Vistra makes up approximately 2.3% of 3Chopt Investment Partners LLC's investment portfolio, making the stock its 8th largest position. 3Chopt Investment Partners LLC's holdings in Vistra were worth $6,558,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VST. Lionsbridge Wealth Management LLC acquired a new position in Vistra in the fourth quarter valued at approximately $277,000. Dakota Wealth Management purchased a new stake in shares of Vistra during the 4th quarter worth approximately $231,000. Retirement Systems of Alabama boosted its stake in Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company's stock valued at $9,361,000 after acquiring an additional 6,920 shares in the last quarter. Legal Advantage Investments Inc. acquired a new stake in shares of Vistra in the 4th quarter valued at about $565,000. Finally, Viking Fund Management LLC grew its position in shares of Vistra by 90.0% during the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company's stock worth $2,620,000 after acquiring an additional 9,000 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paul M. Barbas sold 24,136 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value 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. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by insiders.

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Analysts Set New Price Targets

A number of research firms recently weighed in on VST. Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Bank of America raised 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 research note on Tuesday, March 4th. Daiwa Capital Markets assumed coverage on shares of Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $159.69.

Vistra Stock Up 3.0 %

VST stock traded up $3.36 during trading hours on Tuesday, reaching $116.05. 419,224 shares of the stock were exchanged, compared to its average volume of 7,865,122. The firm's 50-day moving average is $132.00 and its 200-day moving average is $141.50. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The company has a market cap of $39.47 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.12 and a beta of 1.21. 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 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 issued a dividend of $0.2235 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Vistra 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.