Ninepoint Partners LP Has $1.30 Million Holdings in Vistra Corp. (NYSE:VST)

Ninepoint Partners LP reduced its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,457 shares of the company's stock after selling 11,164 shares during the quarter. Ninepoint Partners LP's holdings in Vistra were worth $1,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Vistra by 94.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,717 shares of the company's stock valued at $1,478,000 after acquiring an additional 5,216 shares in the last quarter. Choate Investment Advisors raised its position in shares of Vistra by 4.1% during the 4th quarter. Choate Investment Advisors now owns 6,002 shares of the company's stock valued at $828,000 after acquiring an additional 236 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Vistra by 25.7% during the 4th quarter. Natixis Advisors LLC now owns 129,317 shares of the company's stock valued at $17,829,000 after acquiring an additional 26,464 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Vistra during the 4th quarter valued at approximately $524,000. Finally, Campbell Capital Management Inc. increased its position in Vistra by 10.8% in the fourth quarter. Campbell Capital Management Inc. now owns 71,603 shares of the company's stock worth $9,872,000 after buying an additional 7,001 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on VST. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 target price on the stock. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 target price on the stock. UBS Group raised their target price on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, Daiwa America upgraded Vistra to a "hold" rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vistra has a consensus rating of "Moderate Buy" and a consensus target price of $162.83.

Insider Buying and Selling

In related news, 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 value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

Shares of NYSE VST traded up $5.42 during midday trading on Wednesday, reaching $129.88. 5,961,791 shares of the company traded hands, compared to its average volume of 7,497,376. The stock has a 50-day moving average price of $153.67 and a 200 day moving average price of $137.99. The company has a market cap of $44.18 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $62.12 and a 52 week high of $199.84. 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's payout ratio 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.