Principal Street Partners LLC Reduces Stake in Vistra Corp. (NYSE:VST)

Principal Street Partners LLC lowered its holdings in Vistra Corp. (NYSE:VST) by 40.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,530 shares of the company’s stock after selling 1,022 shares during the quarter. Principal Street Partners LLC’s holdings in Vistra were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Vistra by 13.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,352,450 shares of the company’s stock valued at $186,462,000 after acquiring an additional 161,743 shares during the last quarter. USS Investment Management Ltd purchased a new position in shares of Vistra in the 4th quarter valued at about $7,449,000. Voloridge Investment Management LLC increased its holdings in shares of Vistra by 722.8% in the 4th quarter. Voloridge Investment Management LLC now owns 134,132 shares of the company’s stock valued at $18,493,000 after acquiring an additional 117,830 shares during the last quarter. Williams Jones Wealth Management LLC. increased its holdings in shares of Vistra by 20.8% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 7,263 shares of the company’s stock valued at $1,001,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in shares of Vistra in the 4th quarter valued at about $2,817,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 0.5%

Vistra stock opened at $156.60 on Wednesday. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84. The stock has a 50 day moving average of $126.90 and a two-hundred day moving average of $142.73. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $53.14 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.57%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra’s dividend payout ratio (DPR) is presently 14.15%.

Analyst Ratings Changes

A number of research analysts have recently commented on VST shares. 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 objective on the stock. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. Evercore ISI set a $192.00 price target on Vistra and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. dropped their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.83.

Insiders Place Their Bets

In other Vistra news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This represents a 76.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction that occurred 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 completion of 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. 1.42% of the stock is owned by insiders.

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.