Alliancebernstein L.P. Sells 58,499 Shares of Vistra Corp. (NYSE:VST)

Alliancebernstein L.P. lessened its stake in shares of Vistra Corp. (NYSE:VST) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 470,920 shares of the company’s stock after selling 58,499 shares during the period. Alliancebernstein L.P.’s holdings in Vistra were worth $64,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in shares of Vistra by 186.6% during the fourth quarter. Meeder Asset Management Inc. now owns 44,487 shares of the company’s stock valued at $6,133,000 after buying an additional 28,967 shares during the period. O Shaughnessy Asset Management LLC increased its position in Vistra by 13.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 17,278 shares of the company’s stock valued at $2,382,000 after purchasing an additional 2,098 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Vistra in the 4th quarter valued at about $3,287,000. CIBC Private Wealth Group LLC lifted its position in shares of Vistra by 75.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 18,732 shares of the company’s stock worth $2,583,000 after purchasing an additional 8,039 shares during the period. Finally, Hartree Partners LP boosted its stake in shares of Vistra by 25.0% during the fourth quarter. Hartree Partners LP now owns 143,400 shares of the company’s stock valued at $19,771,000 after purchasing an additional 28,650 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 9.7 %

VST stock opened at $97.76 on Friday. The firm’s fifty day moving average is $140.32 and its 200 day moving average is $141.08. The firm has a market cap of $33.25 billion, a PE ratio of 18.24, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $64.26 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.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.91%. Vistra’s dividend payout ratio is currently 12.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VST shares. Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday, March 5th. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.23.

Insider Buying and Selling at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred 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. This represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost 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 approximately $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. Insiders own 1.42% of the company’s stock.

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.