Diametric Capital LP Purchases New Position in Vistra Corp. (NYSE:VST)

Diametric Capital LP purchased a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, Holdings Channel reports. The firm purchased 1,663 shares of the company’s stock, valued at approximately $229,000.

Several other institutional investors also recently bought and sold shares of the business. Nemes Rush Group LLC purchased a new stake in Vistra in the 4th quarter worth $830,000. HighPoint Advisor Group LLC grew its position in shares of Vistra by 16.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,692 shares of the company’s stock valued at $509,000 after purchasing an additional 516 shares during the period. Colrain Capital LLC purchased a new stake in shares of Vistra during the fourth quarter worth about $14,014,000. Meeder Asset Management Inc. raised its position in shares of Vistra by 186.6% during the 4th quarter. Meeder Asset Management Inc. now owns 44,487 shares of the company’s stock worth $6,133,000 after purchasing an additional 28,967 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Vistra by 13.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 17,278 shares of the company’s stock valued at $2,382,000 after buying an additional 2,098 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Bank of America upgraded 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 report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, BMO Capital Markets raised their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.50.

Vistra Stock Up 3.9 %

Shares of NYSE VST opened at $122.01 on Wednesday. Vistra Corp. has a 1 year low of $64.26 and a 1 year high of $199.84. The company has a market capitalization of $41.50 billion, a P/E ratio of 22.76, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a 50 day simple moving average of $145.05 and a 200-day simple moving average of $141.35. 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.2235 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.73%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

Insider Activity

In related news, Director John William Pitesa purchased 1,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

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.