Vistra Corp. (NYSE:VST) is Two Seas Capital LP’s 5th Largest Position

Two Seas Capital LP grew its holdings in shares of Vistra Corp. (NYSE:VST) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 379,085 shares of the company’s stock after acquiring an additional 126,419 shares during the period. Vistra comprises about 4.1% of Two Seas Capital LP’s investment portfolio, making the stock its 5th biggest holding. Two Seas Capital LP’s holdings in Vistra were worth $52,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VST. Norges Bank acquired a new stake in Vistra during the 4th quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock valued at $863,116,000 after buying an additional 2,433,732 shares during the last quarter. Capital International Investors purchased a new position in shares of Vistra during the 4th quarter valued at approximately $286,414,000. Raymond James Financial Inc. acquired a new stake in shares of Vistra during the fourth quarter worth approximately $237,441,000. Finally, Appaloosa LP increased its stake in shares of Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after buying an additional 1,429,612 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VST has been the topic of a number of research analyst reports. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. UBS Group upped their target price on shares of Vistra from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI set a $192.00 price objective on Vistra and gave the company an “outperform” rating in a report on Thursday, May 15th. Finally, 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 objective on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.83.

Insider Activity

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

Vistra Trading Down 0.5%

Shares of NYSE VST opened at $156.60 on Wednesday. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The company has a market cap of $53.14 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock’s 50 day simple moving average is $126.90 and its 200 day simple moving average is $142.73.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.57%. This is a boost 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 (DPR) is presently 14.15%.

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.