Vistra Corp. (NYSE:VST) Shares Sold by Principal Street Partners LLC

Principal Street Partners LLC lowered its stake in shares of Vistra Corp. (NYSE:VST) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,530 shares of the company’s stock after selling 1,022 shares during the period. Principal Street Partners LLC’s holdings in Vistra were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Vistra by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock worth $1,174,326,000 after buying an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in 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 buying an additional 2,433,732 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Vistra by 10.9% in the 4th quarter. Northern Trust Corp now owns 3,026,484 shares of the company’s stock valued at $417,261,000 after purchasing an additional 296,714 shares during the last quarter. Norges Bank acquired a new position in shares of Vistra in the 4th quarter valued at $409,087,000. Finally, Castle Hook Partners LP lifted its stake in shares of Vistra by 13.6% in the 4th quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company’s stock valued at $408,677,000 after purchasing an additional 353,949 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

VST opened at $156.60 on Wednesday. The stock’s 50-day moving average price is $126.90 and its 200 day moving average price is $142.73. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. 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 firm has a market cap of $53.14 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.57%. Vistra’s dividend payout ratio is presently 14.15%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several equities analysts have recently commented on VST shares. JPMorgan Chase & Co. decreased their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. UBS Group upped their price target on Vistra from $154.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. BMO Capital Markets upped their price target on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $165.83.

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.