Victory Capital Management Inc. Cuts Holdings in Vistra Corp. (NYSE:VST)

Victory Capital Management Inc. lowered its stake in shares of Vistra Corp. (NYSE:VST) by 68.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282,700 shares of the company’s stock after selling 611,252 shares during the period. Victory Capital Management Inc. owned 0.08% of Vistra worth $38,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lionsbridge Wealth Management LLC bought a new stake in Vistra during the fourth quarter valued at about $277,000. Dakota Wealth Management bought a new position in Vistra in the fourth quarter worth about $231,000. Retirement Systems of Alabama lifted its position in shares of Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares during the last quarter. First Sabrepoint Capital Management LP bought a new stake in shares of Vistra in the 3rd quarter valued at about $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new position in shares of Vistra in the 4th quarter worth approximately $565,000. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday. They issued a “neutral” rating and a $120.00 target price for the company. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. BMO Capital Markets boosted their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, UBS Group increased their price objective 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. Two 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, Vistra presently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.42% of the company’s stock.

Vistra Stock Down 0.4 %

VST stock opened at $113.96 on Friday. The company has a market capitalization of $38.77 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $57.50 and a 12 month high of $199.84. The firm’s fifty day simple moving average is $158.02 and its 200-day simple moving average is $135.87. 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) 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.