AlphaQuest LLC Reduces Holdings in Vistra Corp. (NYSE:VST)

AlphaQuest LLC lessened its stake in Vistra Corp. (NYSE:VST - Free Report) by 81.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,614 shares of the company's stock after selling 7,131 shares during the period. AlphaQuest LLC's holdings in Vistra were worth $223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Vistra in the 4th quarter valued at about $237,441,000. Massachusetts Financial Services Co. MA increased its holdings in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after purchasing an additional 1,293,974 shares in the last quarter. State Street Corp lifted its stake in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after buying an additional 1,037,402 shares during the period. Janus Henderson Group PLC lifted its stake in 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 period. Finally, Rubric Capital Management LP boosted its holdings in shares of Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock worth $251,898,000 after buying an additional 797,894 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Stock Up 4.4 %

Vistra stock traded up $5.42 during trading on Wednesday, hitting $129.88. 4,997,216 shares of the company were exchanged, compared to its average volume of 9,466,520. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The business's 50 day moving average is $153.67 and its 200 day moving average is $137.99. Vistra Corp. has a 52 week low of $63.94 and a 52 week high of $199.84. The company has a market capitalization of $44.18 billion, a P/E ratio of 24.23, a PEG ratio of 1.12 and a beta of 1.21.

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Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.69%. This is a boost from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 12.62%.

Insider Transactions at Vistra

In related news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of Vistra 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 completion of the sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VST. Daiwa America upgraded shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. BMO Capital Markets upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price for the company. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and cut their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of "Moderate Buy" and a consensus target price of $162.83.

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.