Sagespring Wealth Partners LLC Invests $237,000 in Vistra Corp. (NYSE:VST)

Sagespring Wealth Partners LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,718 shares of the company’s stock, valued at approximately $237,000.

Several other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Vistra by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock worth $1,174,326,000 after acquiring an additional 219,055 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position 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 purchasing an additional 2,433,732 shares during the period. Norges Bank purchased a new stake in shares of Vistra in the fourth quarter worth $409,087,000. Appaloosa LP raised its position in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Vistra by 12.3% during the 4th quarter. Assetmark Inc. now owns 1,779,846 shares of the company’s stock valued at $245,387,000 after buying an additional 194,404 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John William Pitesa purchased 1,500 shares of the company’s stock in a transaction dated 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 disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VST. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and decreased their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. UBS Group dropped their price target on Vistra from $174.00 to $154.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Evercore ISI assumed 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. Finally, The Goldman Sachs Group began coverage on shares of Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $159.69.

Vistra Price Performance

Vistra stock opened at $116.19 on Thursday. The firm has a market capitalization of $39.52 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84. The firm has a 50-day moving average price of $129.91 and a 200-day moving average price of $141.15. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.77%. Vistra’s dividend payout ratio (DPR) is presently 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.