Jump Financial LLC Acquires 3,340 Shares of Vistra Corp. (NYSE:VST)

Jump Financial LLC lifted its stake in shares of Vistra Corp. (NYSE:VST) by 56.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,256 shares of the company’s stock after purchasing an additional 3,340 shares during the quarter. Jump Financial LLC’s holdings in Vistra were worth $1,276,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Vistra in the fourth quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA grew its position 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 purchasing an additional 2,433,732 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Vistra during the 4th quarter valued at $237,441,000. Appaloosa LP lifted its holdings 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 purchasing an additional 1,429,612 shares in the last quarter. Finally, Bridgewater Associates LP grew its holdings in Vistra by 58.9% during the 4th quarter. Bridgewater Associates LP now owns 1,773,499 shares of the company’s stock valued at $244,512,000 after buying an additional 657,217 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other news, Director John William Pitesa purchased 1,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by company insiders.

Vistra Price Performance

Shares of Vistra stock opened at $115.26 on Monday. The stock has a market capitalization of $39.21 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The company has a fifty day moving average of $127.80 and a 200-day moving average of $141.25. Vistra Corp. has a 52-week low of $65.32 and a 52-week high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 12.62%.

Wall Street Analyst Weigh In

Several brokerages recently commented on VST. 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 note on Wednesday, January 22nd. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price for the company. The Goldman Sachs Group started coverage on Vistra in a report on Friday, April 4th. They issued a “neutral” rating and a $134.00 price target on the stock. Finally, Daiwa America raised Vistra to a “hold” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.17.

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.