Pinebridge Investments L.P. Sells 64,491 Shares of Vistra Corp. (NYSE:VST)

Pinebridge Investments L.P. cut its holdings in Vistra Corp. (NYSE:VST - Free Report) by 66.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,179 shares of the company's stock after selling 64,491 shares during the quarter. Pinebridge Investments L.P.'s holdings in Vistra were worth $4,437,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Avior Wealth Management LLC boosted its holdings in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after buying an additional 154 shares during the period. Founders Capital Management purchased a new position in shares of Vistra in the 4th quarter worth $28,000. West Branch Capital LLC bought a new stake in shares of Vistra in the fourth quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra during the fourth quarter valued at $28,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were 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. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John William Pitesa bought 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, for a total transaction of $190,125.00. Following the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $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 company insiders.

Vistra Price Performance

NYSE:VST traded down $0.48 during trading hours on Tuesday, reaching $129.14. The stock had a trading volume of 3,323,160 shares, compared to its average volume of 7,883,364. The stock has a market capitalization of $43.93 billion, a PE ratio of 24.10, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $66.50 and a 52 week high of $199.84. The company has a 50 day moving average price of $122.07 and a two-hundred day moving average price of $140.89. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.69%. Vistra's dividend payout ratio is presently 12.62%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Daiwa America raised Vistra to a "hold" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their target price 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. Evercore ISI started coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. The Goldman Sachs Group initiated 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. Finally, BMO Capital Markets lifted their target price on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $166.17.

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.