Sound Shore Management Inc. CT Sells 303,328 Shares of Vistra Corp. (NYSE:VST)

Sound Shore Management Inc. CT reduced its stake in Vistra Corp. (NYSE:VST - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 481,772 shares of the company's stock after selling 303,328 shares during the period. Sound Shore Management Inc. CT owned about 0.14% of Vistra worth $66,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Peregrine Asset Advisers Inc. raised its stake in Vistra by 3.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company's stock worth $285,000 after buying an additional 64 shares during the period. Avior Wealth Management LLC raised its stake in shares of 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. Galvin Gaustad & Stein LLC lifted its holdings in shares of Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company's stock valued at $286,000 after purchasing an additional 73 shares in the last quarter. Csenge Advisory Group boosted its position in shares of Vistra by 1.7% during the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company's stock valued at $703,000 after buying an additional 83 shares during the last quarter. Finally, New Century Financial Group LLC grew its stake in shares of Vistra by 3.5% in the 4th quarter. New Century Financial Group LLC now owns 2,760 shares of the company's stock worth $381,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

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Vistra Trading Down 5.9 %

VST stock traded down $7.74 during midday trading on Wednesday, hitting $124.07. The company had a trading volume of 5,441,089 shares, compared to its average volume of 7,495,834. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The stock has a market cap of $42.20 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 1.12 and a beta of 1.21. The stock's 50 day moving average price is $150.42 and its 200 day moving average price is $139.90.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. Vistra's dividend payout ratio (DPR) is presently 12.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VST shares. Bank of America upgraded shares of Vistra from a "neutral" rating to a "buy" rating and reduced their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. Finally, Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $162.83.

Insider Transactions at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company's stock.

Vistra Company 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.