Wellington Management Group LLP Sells 622,002 Shares of Vistra Corp. (NYSE:VST)

Wellington Management Group LLP lessened its position in Vistra Corp. (NYSE:VST) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,290,562 shares of the company’s stock after selling 622,002 shares during the period. Wellington Management Group LLP’s holdings in Vistra were worth $315,800,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Vistra during the fourth quarter worth about $409,087,000. Raymond James Financial Inc. acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $237,441,000. Appaloosa LP boosted its stake 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 acquiring an additional 1,429,612 shares during the period. State Street Corp increased its holdings in shares of Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in 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 acquiring an additional 1,000,307 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VST shares. JPMorgan Chase & Co. reduced their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. UBS Group raised 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. Daiwa America raised Vistra to a “hold” rating in a research report on Wednesday, March 5th. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price on the stock. Finally, Bank of America raised 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Vistra presently has an average rating of “Moderate Buy” and a consensus target price of $163.50.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the firm’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 sale, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the stock in a transaction that occurred on 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 in the company, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by insiders.

Vistra Trading Up 3.9 %

VST opened at $122.01 on Wednesday. The stock has a market capitalization of $41.50 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 1.12 and a beta of 1.21. 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 $64.26 and a twelve month high of $199.84. The company has a 50-day simple moving average of $145.05 and a 200 day simple moving average of $141.35.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.2235 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.73%. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

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.