Wellington Management Group LLP Trims Holdings in Vistra Corp. (NYSE:VST)

Wellington Management Group LLP decreased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,290,562 shares of the company's stock after selling 622,002 shares during the quarter. Wellington Management Group LLP owned 0.67% of Vistra worth $315,800,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Vistra during the fourth quarter valued at $409,087,000. Raymond James Financial Inc. acquired a new position in shares of Vistra during the 4th quarter worth about $237,441,000. Appaloosa LP increased its stake in Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after buying an additional 1,429,612 shares in the last quarter. 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 acquiring an additional 1,037,402 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John William Pitesa purchased 1,500 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was 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 of the company's stock, valued at $439,442.25. The trade was 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.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price on the stock. UBS Group boosted their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Evercore ISI initiated coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective for the company. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Vistra currently has an average rating of "Moderate Buy" and an average target price of $163.50.

Vistra Stock Down 15.2 %

VST stock traded down $19.27 during midday trading on Thursday, hitting $107.92. The company's stock had a trading volume of 12,711,198 shares, compared to its average volume of 7,756,440. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84. The firm has a 50-day simple moving average of $143.86 and a 200-day simple moving average of $141.25. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $36.71 billion, a P/E ratio of 20.13, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.2235 dividend. 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 0.83%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 12.62%.

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.