Adams Diversified Equity Fund Inc. Increases Stock Holdings in Vistra Corp. (NYSE:VST)

Adams Diversified Equity Fund Inc. increased its holdings in Vistra Corp. (NYSE:VST) by 41.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,600 shares of the company’s stock after acquiring an additional 11,400 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Vistra were worth $5,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lionsbridge Wealth Management LLC bought a new position in Vistra in the fourth quarter worth $277,000. Dakota Wealth Management bought a new position in Vistra in the fourth quarter worth $231,000. Retirement Systems of Alabama raised its holdings in Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP bought a new position in Vistra in the third quarter worth $17,781,000. Finally, Legal Advantage Investments Inc. bought a new position in Vistra in the fourth quarter worth $565,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective for the company. Morgan Stanley raised their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday, March 5th. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and an average price target of $162.83.

Vistra Price Performance

NYSE VST opened at $132.26 on Friday. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84. The stock has a 50-day moving average of $152.47 and a 200 day moving average of $137.89. The company has a market capitalization of $44.99 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The company 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. This represents a $0.89 annualized dividend and a yield of 0.68%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Insiders Place Their Bets

In other news, Director John William Pitesa bought 1,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

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.