Sovereign s Capital Management LLC Takes Position in Vistra Corp. (NYSE:VST)

Sovereign s Capital Management LLC purchased a new stake in Vistra Corp. (NYSE:VST) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 6,529 shares of the company’s stock, valued at approximately $900,000.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Vistra by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock valued at $1,174,326,000 after purchasing an additional 219,055 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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. Northern Trust Corp lifted its holdings in shares of Vistra by 10.9% in the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company’s stock valued at $417,261,000 after purchasing an additional 296,714 shares in the last quarter. Norges Bank bought a new stake in shares of Vistra in the fourth quarter valued at about $409,087,000. Finally, Castle Hook Partners LP raised its holdings in Vistra by 13.6% during the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company’s stock worth $408,677,000 after acquiring an additional 353,949 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Vistra Price Performance

Shares of NYSE VST opened at $156.55 on Monday. The business’s 50 day moving average price is $125.42 and its two-hundred day moving average price is $142.37. The company has a market cap of $53.12 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a twelve month low of $66.50 and a twelve month high of $199.84.

Vistra Increases Dividend

The firm also recently declared 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%. The ex-dividend date is Wednesday, June 18th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 14.15%.

Wall Street Analysts Forecast Growth

VST has been the topic of several analyst reports. BMO Capital Markets upped their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. UBS Group upped their target price on Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Daiwa Capital Markets initiated coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Evercore ISI set a $192.00 target price on Vistra and gave the stock an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and an average price target of $165.83.

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.