Vistra Corp. (NYSE:VST) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its position in Vistra Corp. (NYSE:VST) by 63.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,260,363 shares of the company’s stock after acquiring an additional 2,433,732 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.84% of Vistra worth $863,116,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its holdings in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Founders Capital Management acquired a new stake in Vistra in the 4th quarter valued at about $28,000. West Branch Capital LLC purchased a new position in Vistra during the 4th quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Vistra during the fourth quarter worth about $28,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other news, Director John William Pitesa bought 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the 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 sale, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VST shares. UBS Group increased 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. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and reduced their target price for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.50.

Vistra Price Performance

Vistra stock 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 debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a 50 day moving average price of $145.05 and a 200 day moving average price of $141.35. The company has a market cap of $41.50 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.73%. Vistra’s payout ratio is currently 12.62%.

About Vistra

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.