Keystone Investors PTE Ltd. Takes Position in Vistra Corp. (NYSE:VST)

Keystone Investors PTE Ltd. purchased a new stake in Vistra Corp. (NYSE:VST) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,940 shares of the company’s stock, valued at approximately $1,784,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Vistra in the 4th quarter valued at about $237,441,000. 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 valued at $372,249,000 after acquiring an additional 1,429,612 shares during the period. State Street Corp boosted its stake in Vistra by 6.8% during the third 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 in the last quarter. Janus Henderson Group PLC increased its stake in Vistra by 36.0% in the third 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 in the last quarter. Finally, Rubric Capital Management LP raised its holdings in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John William Pitesa acquired 1,500 shares of the stock in a transaction on 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 transaction, the director now directly 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 disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

VST has been the topic of a number of research reports. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. Daiwa Capital Markets started coverage on shares of Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective on the stock. UBS Group raised their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Vistra has an average rating of “Moderate Buy” and an average target price of $162.83.

Vistra Stock Up 3.4 %

Shares of NYSE VST opened at $134.97 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a market cap of $45.91 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The business has a 50-day simple moving average of $151.19 and a two-hundred day simple moving average of $139.50.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.66%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 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.