ExodusPoint Capital Management LP Sells 157,518 Shares of Vistra Corp. (NYSE:VST)

ExodusPoint Capital Management LP decreased its position in shares of Vistra Corp. (NYSE:VST) by 68.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,676 shares of the company’s stock after selling 157,518 shares during the period. ExodusPoint Capital Management LP’s holdings in Vistra were worth $9,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. World Investment Advisors increased its stake in shares of Vistra by 24.9% in the 4th quarter. World Investment Advisors now owns 3,695 shares of the company’s stock valued at $509,000 after purchasing an additional 737 shares during the last quarter. Bryce Point Capital LLC bought a new position in Vistra in the fourth quarter valued at about $502,000. Huntington National Bank raised its stake in Vistra by 16.6% during the fourth quarter. Huntington National Bank now owns 1,347 shares of the company’s stock worth $186,000 after acquiring an additional 192 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock worth $863,116,000 after acquiring an additional 2,433,732 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Vistra by 36.9% in the fourth quarter. Meeder Advisory Services Inc. now owns 4,765 shares of the company’s stock worth $657,000 after acquiring an additional 1,284 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Daiwa Capital Markets assumed coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and dropped their price target for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.23.

Insider Activity at Vistra

In related news, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased 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 of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm’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 owns 51,063 shares in the company, valued at $6,341,513.97. This represents 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 corporate insiders.

Vistra Stock Down 9.7 %

Shares of NYSE VST opened at $97.76 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. 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’s fifty day simple moving average is $140.32 and its 200 day simple moving average is $141.08. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84.

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. The ex-dividend date was Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.91%. Vistra’s dividend payout ratio (DPR) 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.