Alliancebernstein L.P. Sells 58,499 Shares of Vistra Corp. (NYSE:VST)

Alliancebernstein L.P. lessened its position in Vistra Corp. (NYSE:VST) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 470,920 shares of the company’s stock after selling 58,499 shares during the quarter. Alliancebernstein L.P. owned 0.14% of Vistra worth $64,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Founders Capital Management purchased a new position in Vistra in the 4th quarter worth $28,000. West Branch Capital LLC bought a new stake in Vistra in the fourth quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in Vistra during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors 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 transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. This 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.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VST. The Goldman Sachs Group assumed coverage on Vistra in a research report on Friday. They set a “neutral” rating and a $134.00 price target on the stock. Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price on the stock. 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. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Finally, BMO Capital Markets increased 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. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.23.

Vistra Price Performance

VST opened at $97.76 on Friday. Vistra Corp. has a 1 year low of $64.26 and a 1 year high of $199.84. The stock has a 50-day moving average price of $140.32 and a 200-day moving average price of $141.08. The firm has a market cap of $33.25 billion, a PE ratio of 18.24, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio 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.