Vistra Corp. (NYSE:VST) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd trimmed its position in Vistra Corp. (NYSE:VST - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,500 shares of the company's stock after selling 5,000 shares during the period. Premier Fund Managers Ltd's holdings in Vistra were worth $3,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the period. Norges Bank purchased a new stake in Vistra in the 4th quarter worth $409,087,000. Appaloosa LP grew its holdings in Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock valued at $372,249,000 after buying an additional 1,429,612 shares in the last quarter. Finally, Castle Hook Partners LP increased its position in Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock worth $309,422,000 after purchasing an additional 654,568 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Trading Down 2.5 %

VST stock traded down $2.94 during midday trading on Monday, hitting $116.11. 4,270,970 shares of the company's stock were exchanged, compared to its average volume of 9,134,051. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The business has a 50-day simple moving average of $147.39 and a two-hundred day simple moving average of $140.83. The stock has a market capitalization of $39.50 billion, a PE ratio of 21.74, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

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Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.77%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's dividend payout ratio is 12.62%.

Insider Transactions at Vistra

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

Analysts Set New Price Targets

A number of research firms have weighed in on VST. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. BMO Capital Markets increased their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Daiwa America upgraded shares of Vistra to a "hold" rating in a research note on Wednesday, March 5th. UBS Group upped their target price on Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Bank of America upgraded Vistra from a "neutral" rating to a "buy" rating and cut their price target for the company 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 issued a buy rating to the company. According to MarketBeat.com, Vistra presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.50.

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.