Mercuria Capital Strategies LLC Purchases Shares of 35,000 Vistra Corp. (NYSE:VST)

Mercuria Capital Strategies LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,000 shares of the company’s stock, valued at approximately $4,825,000. Vistra comprises about 1.9% of Mercuria Capital Strategies LLC’s holdings, making the stock its 8th biggest position.

Several other hedge funds have also modified their holdings of VST. Pathway Financial Advisers LLC raised its position in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Founders Capital Management purchased a new position in shares of Vistra in the 4th quarter valued at approximately $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the 4th quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the 4th quarter valued at approximately $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VST shares. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Morgan Stanley increased their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Daiwa Capital Markets initiated coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. UBS Group increased their price target on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Daiwa America upgraded shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $162.83.

Vistra Price Performance

Shares of NYSE VST opened at $122.39 on Thursday. The stock has a market capitalization of $41.49 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $59.93 and a 12 month high of $199.84. The firm’s 50 day simple moving average is $156.91 and its 200-day simple moving average is $136.63. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid 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 0.73%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

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.