Allstate Corp Makes New Investment in Vistra Corp. (NYSE:VST)

Allstate Corp bought a new stake in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,151 shares of the company’s stock, valued at approximately $1,400,000.

A number of other large investors have also added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vistra during the 3rd quarter valued at about $222,000. Townsquare Capital LLC grew its holdings in Vistra by 12.9% during the third quarter. Townsquare Capital LLC now owns 4,838 shares of the company’s stock valued at $573,000 after purchasing an additional 554 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Vistra by 49.2% in the third quarter. Glenmede Trust Co. NA now owns 17,560 shares of the company’s stock worth $2,082,000 after purchasing an additional 5,788 shares during the period. CreativeOne Wealth LLC boosted its stake in shares of Vistra by 28.2% in the third quarter. CreativeOne Wealth LLC now owns 3,489 shares of the company’s stock worth $414,000 after acquiring an additional 767 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Vistra by 7.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,190,707 shares of the company’s stock valued at $141,146,000 after acquiring an additional 77,572 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday. Daiwa America raised Vistra to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective for the company. Finally, 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 target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.50.

Vistra Price Performance

Shares of NYSE VST opened at $119.05 on Monday. The stock’s 50-day moving average is $147.39 and its two-hundred day moving average is $140.83. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 12.62%.

Insider Buying and Selling at Vistra

In other news, Director John William Pitesa acquired 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

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.