Loomis Sayles & Co. L P Decreases Stock Holdings in Vistra Corp. (NYSE:VST)

Loomis Sayles & Co. L P lowered its position in shares of Vistra Corp. (NYSE:VST) by 38.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,559 shares of the company’s stock after selling 118,194 shares during the period. Loomis Sayles & Co. L P owned about 0.06% of Vistra worth $25,858,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of 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 purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC lifted its holdings in Vistra by 36.0% in the 3rd 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. Appaloosa LP grew its position in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after buying an additional 1,429,612 shares during the last quarter. Castle Hook Partners LP raised its holdings in shares of Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after acquiring an additional 654,568 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Vistra by 12.3% in the fourth quarter. Assetmark Inc. now owns 1,779,846 shares of the company’s stock worth $245,387,000 after acquiring an additional 194,404 shares during the period. Institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Shares of NYSE:VST opened at $119.35 on Friday. The company has a market capitalization of $40.60 billion, a PE ratio of 22.27, a PEG ratio of 1.12 and a beta of 1.21. The business has a fifty day moving average price of $148.43 and a 200-day moving average price of $139.65. 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 current ratio of 1.11 and a quick ratio of 0.99.

Vistra Increases Dividend

The company also recently announced 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 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 0.75%. Vistra’s payout ratio is 12.62%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. Daiwa Capital Markets initiated coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their target price 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 raised Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $164.00 to $152.00 in a research note 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $162.83.

Insider Transactions at Vistra

In related news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were 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 directly owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John William Pitesa bought 1,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

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.