Thrivent Financial for Lutherans Reduces Stock Holdings in Vistra Corp. (NYSE:VST)

Thrivent Financial for Lutherans reduced its stake in Vistra Corp. (NYSE:VST - Free Report) by 38.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,079,844 shares of the company's stock after selling 675,879 shares during the period. Thrivent Financial for Lutherans owned approximately 0.32% of Vistra worth $148,878,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VST. Axxcess Wealth Management LLC grew its holdings in Vistra by 15.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 7,208 shares of the company's stock valued at $994,000 after buying an additional 948 shares in the last quarter. Signaturefd LLC boosted its position in shares of Vistra by 34.9% in the fourth quarter. Signaturefd LLC now owns 3,513 shares of the company's stock valued at $484,000 after acquiring an additional 909 shares during the period. Parallel Advisors LLC grew its stake in Vistra by 30.3% during the fourth quarter. Parallel Advisors LLC now owns 2,620 shares of the company's stock valued at $361,000 after acquiring an additional 609 shares in the last quarter. Cibc World Markets Corp increased its holdings in Vistra by 18.2% during the 4th quarter. Cibc World Markets Corp now owns 55,330 shares of the company's stock worth $7,628,000 after acquiring an additional 8,514 shares during the period. Finally, GWN Securities Inc. purchased a new stake in Vistra in the 4th quarter worth approximately $322,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now owns 51,063 shares of the company's stock, valued at $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 available at the SEC website. Also, Director John William Pitesa acquired 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost 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 of the company's stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on VST. Daiwa Capital Markets assumed coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 price target for the company. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. UBS Group raised their price target on Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.83.

Vistra Trading Down 0.9 %

Shares of Vistra stock traded down $1.15 during trading on Friday, reaching $130.75. The company's stock had a trading volume of 7,472,453 shares, compared to its average volume of 7,494,080. The company has a market cap of $44.47 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.12 and a beta of 1.21. The firm's 50-day moving average is $152.47 and its two-hundred day moving average is $137.89. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This is a boost from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's dividend payout ratio (DPR) is 12.62%.

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.