Brevan Howard Capital Management LP Acquires 16,278 Shares of Vistra Corp. (NYSE:VST)

Brevan Howard Capital Management LP increased its holdings in Vistra Corp. (NYSE:VST) by 666.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,721 shares of the company’s stock after purchasing an additional 16,278 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Vistra were worth $2,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VST. Lionsbridge Wealth Management LLC acquired a new position in shares of Vistra in the 4th quarter worth approximately $277,000. Dakota Wealth Management bought a new stake in Vistra in the fourth quarter worth approximately $231,000. Legal Advantage Investments Inc. acquired a new position in Vistra in the fourth quarter valued at approximately $565,000. Viking Fund Management LLC boosted its holdings in shares of Vistra by 90.0% during the 4th quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock worth $2,620,000 after buying an additional 9,000 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in shares of Vistra by 201.1% during the 4th quarter. Perigon Wealth Management LLC now owns 5,513 shares of the company’s stock worth $760,000 after buying an additional 3,682 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and cut their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. UBS Group reduced their target price on Vistra from $174.00 to $154.00 and set a “buy” rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group initiated coverage on Vistra in a research note on Friday, April 4th. They set a “neutral” rating and a $134.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.17.

Vistra Price Performance

VST opened at $140.05 on Tuesday. The firm’s fifty day moving average price is $120.75 and its two-hundred day moving average price is $141.03. The company has a market capitalization of $47.64 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.12 and a beta of 1.16. 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 Corp. has a 1 year low of $66.50 and a 1 year high of $199.84.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.64%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra’s dividend payout ratio is presently 12.77%.

Insider Buying and Selling at Vistra

In other Vistra news, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

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.