Independent Advisor Alliance Grows Position in Vistra Corp. (NYSE:VST)

Independent Advisor Alliance boosted its stake in Vistra Corp. (NYSE:VST) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,470 shares of the company’s stock after purchasing an additional 7,261 shares during the quarter. Independent Advisor Alliance’s holdings in Vistra were worth $8,061,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after buying an additional 1,293,974 shares during the period. Janus Henderson Group PLC grew its stake in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after buying an additional 1,000,307 shares during the period. Castle Hook Partners LP grew its stake in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after buying an additional 654,568 shares during the period. Finally, Rubric Capital Management LP grew its stake in Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after buying an additional 797,894 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VST. Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. BMO Capital Markets upped their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Daiwa America upgraded shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.83.

Vistra Trading Down 5.5 %

VST opened at $108.03 on Tuesday. The stock has a market capitalization of $36.62 billion, a PE ratio of 20.15, a P/E/G ratio of 1.12 and a beta of 1.21. The firm’s fifty day moving average price is $158.02 and its 200 day moving average price is $136.25. 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 Corp. has a 12-month low of $57.50 and a 12-month high of $199.84.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.83%. Vistra’s dividend payout ratio is currently 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.