Vistra Corp. (NYSE:VST) Shares Sold by Ninepoint Partners LP

Ninepoint Partners LP lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 54.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,457 shares of the company’s stock after selling 11,164 shares during the quarter. Ninepoint Partners LP’s holdings in Vistra were worth $1,304,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Vistra by 6.8% in 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 in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after acquiring an additional 1,293,974 shares in the last quarter. Janus Henderson Group PLC raised its holdings in 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. Appaloosa LP raised its holdings in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after acquiring an additional 1,429,612 shares in the last quarter. Finally, Castle Hook Partners LP raised its holdings in Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after acquiring an additional 654,568 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of Vistra 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 completion of the transaction, the director now owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is owned by corporate insiders.

Vistra Price Performance

Vistra stock opened at $124.42 on Friday. Vistra Corp. has a one year low of $60.86 and a one year 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. The business has a fifty day moving average of $155.20 and a two-hundred day moving average of $137.04. The company has a market cap of $42.32 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.72%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 12.62%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VST. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and reduced their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. Morgan Stanley increased their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets increased their price target 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. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Vistra has an average rating of “Moderate Buy” and a consensus target price of $162.83.

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.