Vistra Corp. (NYSE:VST) Stock Position Boosted by Covalis Capital LLP

Covalis Capital LLP boosted its stake in Vistra Corp. (NYSE:VST - Free Report) by 197.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,625 shares of the company's stock after purchasing an additional 113,970 shares during the quarter. Vistra makes up 3.5% of Covalis Capital LLP's investment portfolio, making the stock its 6th largest position. Covalis Capital LLP owned about 0.05% of Vistra worth $23,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc purchased a new position in Vistra in the 3rd quarter worth $631,000. Virtu Financial LLC purchased a new stake in shares of Vistra in the 3rd quarter worth approximately $1,466,000. Fulcrum Equity Management grew its position in Vistra by 2.8% during the 3rd quarter. Fulcrum Equity Management now owns 13,549 shares of the company's stock valued at $1,606,000 after purchasing an additional 364 shares during the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in Vistra in the 3rd quarter valued at approximately $208,000. Finally, World Investment Advisors LLC purchased a new position in Vistra in the 3rd quarter worth about $351,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director John William Pitesa acquired 1,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now owns 3,467 shares of the company's stock, valued at $439,442.25. This represents a 76.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the business's 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 transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by corporate insiders.

Vistra Trading Down 7.6 %

Vistra stock traded down $8.79 during midday trading on Monday, hitting $106.63. 6,083,209 shares of the stock were exchanged, compared to its average volume of 7,886,246. The stock's 50-day simple moving average is $126.60 and its 200 day simple moving average is $141.03. Vistra Corp. has a fifty-two week low of $65.32 and a fifty-two week high of $199.84. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $36.27 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. 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 0.84%. Vistra's dividend payout ratio is currently 12.62%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on VST shares. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective for the company. UBS Group reduced their price target on shares of Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on shares of Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and cut their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $166.17.

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.