Moore Capital Management LP decreased its stake in shares of Vistra Corp. (NYSE:VST – Free Report) by 56.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 83,760 shares of the company’s stock after selling 109,864 shares during the period. Moore Capital Management LP’s holdings in Vistra were worth $13,513,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Vistra in the 4th quarter valued at approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Vistra in the 3rd quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new position in shares of Vistra during the 4th quarter worth approximately $30,000. Salomon & Ludwin LLC lifted its position in shares of Vistra by 74.8% during the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after buying an additional 92 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of Vistra during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 90.88% of the company’s stock.
Vistra Stock Performance
VST opened at $158.57 on Thursday. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The firm has a market capitalization of $53.47 billion, a PE ratio of 26.56 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The business’s 50-day simple moving average is $153.85 and its 200 day simple moving average is $159.72.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra’s dividend payout ratio (DPR) is currently 15.24%.
Insider Activity at Vistra
In other news, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the transaction, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the sale, the chief accounting officer directly owned 14,360 shares in the company, valued at $2,368,825.60. This represents a 25.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,088 shares of company stock worth $1,634,227 in the last ninety days. 0.92% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Morgan Stanley reissued an “overweight” rating and issued a $212.00 target price on shares of Vistra in a research note on Thursday, May 21st. JPMorgan Chase & Co. lowered their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $241.00 price objective on shares of Vistra in a research note on Monday, March 2nd. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $230.00 price objective on shares of Vistra in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $230.44.
Read Our Latest Report on Vistra
About Vistra
Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.
Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.
Read More
- Five stocks we like better than Vistra
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST – Free Report).
Receive News & Ratings for Vistra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistra and related companies with MarketBeat.com's FREE daily email newsletter.
