Phoenix Financial Ltd. decreased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,282 shares of the company's stock after selling 13,659 shares during the period. Phoenix Financial Ltd.'s holdings in Vistra were worth $3,486,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of VST. APG Asset Management N.V. acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $24,778,000. Greenland Capital Management LP purchased a new stake in Vistra in the 4th quarter valued at $1,172,000. Capula Management Ltd acquired a new stake in shares of Vistra in the 4th quarter worth $303,000. Bank of Nova Scotia raised its holdings in shares of Vistra by 188.2% during the 4th quarter. Bank of Nova Scotia now owns 112,126 shares of the company's stock worth $15,459,000 after acquiring an additional 73,223 shares during the period. Finally, Rathbones Group PLC acquired a new position in shares of Vistra during the 4th quarter valued at about $269,000. Institutional investors and hedge funds own 90.88% of the company's stock.
Insider Buying and Selling at Vistra
In other news, Director John William Pitesa acquired 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of Vistra 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.
Vistra Stock Up 2.3 %
Shares of NYSE:VST traded up $2.46 during trading on Friday, hitting $111.72. The company's stock had a trading volume of 5,250,949 shares, compared to its average volume of 7,890,819. The company has a market capitalization of $38.00 billion, a PE ratio of 20.84, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84. The business has a 50 day moving average price of $133.17 and a two-hundred day moving average price of $141.35.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This is an increase 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 yield of 0.80%. Vistra's dividend payout ratio is 12.62%.
Analyst Ratings Changes
VST has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on shares of Vistra in a research report on Friday, April 4th. They set a "neutral" rating and a $134.00 price objective for the company. Daiwa Capital Markets started 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. reduced their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Daiwa America upgraded Vistra to a "hold" rating in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $159.69.
Check Out Our Latest Stock Report on VST
Vistra Profile
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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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