Invst LLC Reduces Stock Position in Vistra Corp. (NYSE:VST)

Invst LLC trimmed its holdings in Vistra Corp. (NYSE:VST) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 15,173 shares of the company’s stock after selling 92 shares during the quarter. Invst LLC’s holdings in Vistra were worth $2,092,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VST. Geode Capital Management LLC boosted its position in shares of Vistra by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock worth $1,174,326,000 after buying an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock valued at $863,116,000 after acquiring an additional 2,433,732 shares in the last quarter. Northern Trust Corp raised its stake in Vistra by 10.9% in the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company’s stock valued at $417,261,000 after buying an additional 296,714 shares in the last quarter. Norges Bank acquired a new stake in Vistra in the fourth quarter valued at $409,087,000. Finally, Castle Hook Partners LP raised its stake in Vistra by 13.6% in the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company’s stock valued at $408,677,000 after buying an additional 353,949 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.80, for a total value of $3,136,000.00. Following the sale, the director now owns 325,192 shares of the company’s stock, valued at approximately $50,990,105.60. This represents a 5.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $157.00, for a total value of $8,792,000.00. Following the transaction, the executive vice president now directly owns 306,600 shares in the company, valued at approximately $48,136,200. This represents a 15.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,136 shares of company stock valued at $31,879,290. 1.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VST shares. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI set a $192.00 price target on Vistra and gave the stock an “outperform” rating in a report on Thursday, May 15th. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. The Goldman Sachs Group lifted their price objective on Vistra from $134.00 to $164.00 and gave the company a “neutral” rating in a report on Friday. Finally, Morgan Stanley reissued an “overweight” rating and set a $178.00 price target (up previously from $172.00) on shares of Vistra in a research note on Thursday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Vistra has an average rating of “Moderate Buy” and a consensus target price of $169.08.

Vistra Price Performance

Shares of NYSE:VST opened at $158.89 on Friday. The business’s 50 day simple moving average is $128.71 and its 200-day simple moving average is $143.32. The firm has a market capitalization of $53.92 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 12 month low of $66.50 and a 12 month high of $199.84.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a yield of 0.57%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 14.15%.

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.