Vistra Corp. (NYSE:VST) Shares Sold by Ninepoint Partners LP

Ninepoint Partners LP cut its stake in shares of Vistra Corp. (NYSE:VST) by 54.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,457 shares of the company’s stock after selling 11,164 shares during the period. Ninepoint Partners LP’s holdings in Vistra were worth $1,304,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Peregrine Asset Advisers Inc. raised its position in Vistra by 3.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after acquiring an additional 64 shares during the period. Avior Wealth Management LLC raised its position in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Galvin Gaustad & Stein LLC raised its position in Vistra by 3.6% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after acquiring an additional 73 shares during the period. OneDigital Investment Advisors LLC raised its position in Vistra by 3.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $333,000 after acquiring an additional 81 shares during the period. Finally, Csenge Advisory Group grew its holdings in shares of Vistra by 1.7% during the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock worth $703,000 after buying an additional 83 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VST. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. Finally, Daiwa Capital Markets began coverage on shares of Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

Insider Buying and Selling at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, 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. 1.42% of the stock is currently owned by corporate insiders.

Vistra Trading Up 5.4 %

NYSE VST opened at $124.42 on Friday. The firm’s 50-day moving average is $155.20 and its two-hundred day moving average is $137.04. Vistra Corp. has a 12 month low of $60.86 and a 12 month high of $199.84. 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 stock has a market capitalization of $42.32 billion, a P/E ratio of 23.21, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given 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 0.72%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 12.62%.

Vistra 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.