Yaupon Capital Management LP Acquires Shares of 82,137 Vistra Corp. (NYSE:VST)

Yaupon Capital Management LP bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 82,137 shares of the company's stock, valued at approximately $11,324,000.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Vistra in the 4th quarter worth $409,087,000. Massachusetts Financial Services Co. MA raised its position in Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock worth $863,116,000 after acquiring an additional 2,433,732 shares in the last quarter. Capital International Investors acquired a new stake in Vistra in the 4th quarter valued at about $286,414,000. Raymond James Financial Inc. bought a new position in shares of Vistra during the 4th quarter valued at about $237,441,000. Finally, Appaloosa LP grew its stake in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company's stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company's stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm'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 sale, the director now directly owns 51,063 shares of the company's stock, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on VST. JPMorgan Chase & Co. cut their target price 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. Daiwa America raised shares of Vistra to a "hold" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group assumed coverage on shares of Vistra in a research report on Friday, April 4th. They issued a "neutral" rating and a $134.00 price target for the company. 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. Finally, BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $166.17.

Vistra Stock Up 3.4 %

Shares of NYSE:VST traded up $4.13 on Thursday, reaching $124.13. The company had a trading volume of 5,432,709 shares, compared to its average volume of 7,900,479. The stock has a market capitalization of $42.22 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.12 and a beta of 1.21. The stock has a 50-day moving average price of $123.72 and a 200 day moving average price of $140.64. Vistra Corp. has a twelve month low of $66.50 and a twelve month 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.2235 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, March 20th. Vistra's payout ratio 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.