Vistra Corp. (NYSE:VST) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its stake in Vistra Corp. (NYSE:VST) by 186.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 44,487 shares of the company’s stock after purchasing an additional 28,967 shares during the quarter. Meeder Asset Management Inc.’s holdings in Vistra were worth $6,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp raised its holdings in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Vistra by 36.0% in the 3rd 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 during the last quarter. Norges Bank acquired a new stake in shares of Vistra in the 4th quarter valued at $409,087,000. Appaloosa LP lifted its position in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Vistra by 12.3% during the fourth quarter. Assetmark Inc. now owns 1,779,846 shares of the company’s stock worth $245,387,000 after purchasing an additional 194,404 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 0.2 %

Shares of VST stock opened at $119.05 on Monday. The business’s fifty day moving average price is $147.39 and its 200 day moving average price is $140.83. The firm has a market capitalization of $40.49 billion, a PE ratio of 22.21, a P/E/G ratio of 1.12 and a beta of 1.21. 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 Corp. has a 1-year low of $64.26 and a 1-year high of $199.84.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were purchased 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 in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on VST. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and cut their price target for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday. UBS Group boosted their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and an average price target of $163.50.

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.