Chicago Capital LLC Has $8.18 Million Stock Position in Vistra Corp. (NYSE:VST)

Chicago Capital LLC reduced its position in shares of Vistra Corp. (NYSE:VST) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,622 shares of the company’s stock after selling 859 shares during the quarter. Chicago Capital LLC’s holdings in Vistra were worth $8,176,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Vistra in the fourth quarter worth $409,087,000. Massachusetts Financial Services Co. MA grew 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 valued at $863,116,000 after purchasing an additional 2,433,732 shares during the last quarter. Capital International Investors bought a new position in shares of Vistra in the fourth quarter worth about $286,414,000. Raymond James Financial Inc. bought a new position in shares of Vistra in the fourth quarter worth about $237,441,000. Finally, Appaloosa LP increased its position in Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after acquiring an additional 1,429,612 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of Vistra from $134.00 to $164.00 and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $178.00 price objective (up previously from $172.00) on shares of Vistra in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and a consensus price target of $172.69.

Insider Transactions at Vistra

In other news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the completion of the sale, the executive vice president now owns 218,239 shares of the company’s stock, valued at approximately $34,259,158.22. This represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the completion of the transaction, the director now directly owns 75,946 shares of the company’s stock, valued at approximately $13,037,649.82. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 294,000 shares of company stock valued at $47,461,490. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Performance

NYSE VST opened at $177.31 on Tuesday. 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 firm has a 50-day moving average of $144.52 and a 200-day moving average of $145.37. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The stock has a market cap of $60.17 billion, a PE ratio of 33.08, a P/E/G ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 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.