Thames Capital Management LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Thames Capital Management LLC acquired a new stake in Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 58,289 shares of the company’s stock, valued at approximately $8,036,000. Vistra accounts for about 2.2% of Thames Capital Management LLC’s portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Vistra during the 4th quarter valued at $409,087,000. Massachusetts Financial Services Co. MA increased its position in shares of Vistra by 63.6% during 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Vistra during the fourth quarter worth about $237,441,000. Appaloosa LP lifted its position in Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after acquiring an additional 1,429,612 shares in the last quarter. Finally, State Street Corp lifted its position in Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of several analyst reports. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. The Goldman Sachs Group started coverage on Vistra in a research report on Friday. They issued a “neutral” rating and a $134.00 price target for the company. Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. BMO Capital Markets upped their target price on shares of 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 raised their price target 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. Three 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 an average rating of “Moderate Buy” and a consensus target price of $161.23.

Vistra Trading Down 9.7 %

Shares of VST opened at $97.76 on Friday. The firm has a market cap of $33.25 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The business has a 50-day moving average of $140.32 and a 200 day moving average of $141.42.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued 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 yield of 0.91%. Vistra’s dividend payout ratio (DPR) is 12.62%.

Insider Buying and Selling

In other news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John William Pitesa bought 1,500 shares of the business’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 purchase, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is owned by insiders.

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.