Runnymede Capital Advisors Inc. Makes New Investment in Vistra Corp. (NYSE:VST)

Runnymede Capital Advisors Inc. purchased a new position in Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 953 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors have also bought and sold shares of VST. Raymond James Financial Inc. purchased a new stake in Vistra in the 4th quarter worth $237,441,000. Appaloosa LP grew its position in shares of Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after purchasing an additional 1,429,612 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after purchasing an additional 1,293,974 shares in the last quarter. State Street Corp grew its position in shares of Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 0.9 %

Shares of NYSE VST opened at $130.75 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market cap of $44.47 billion, a P/E ratio of 24.39, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1 year low of $64.26 and a 1 year high of $199.84. The firm has a 50-day simple moving average of $151.74 and a two-hundred day simple moving average of $138.21.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.68%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Insider Activity

In other news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the sale, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John William Pitesa purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of a number of research analyst reports. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. UBS Group raised their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley increased their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Vistra has an average rating of “Moderate Buy” and an average target price of $162.83.

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.