Point72 Hong Kong Ltd Acquires New Shares in Vistra Corp. (NYSE:VST)

Point72 Hong Kong Ltd acquired a new stake in Vistra Corp. (NYSE:VST) in the fourth quarter, Holdings Channel.com reports. The firm acquired 50,977 shares of the company’s stock, valued at approximately $7,028,000.

A number of other hedge funds have also bought and sold shares of VST. Norges Bank purchased a new position in Vistra in the 4th quarter valued at approximately $409,087,000. Massachusetts Financial Services Co. MA lifted its stake in 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 last quarter. Capital International Investors bought a new stake in Vistra in the fourth quarter worth $286,414,000. Raymond James Financial Inc. bought a new stake in Vistra in the fourth quarter worth $237,441,000. Finally, Appaloosa LP lifted its stake in 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 purchasing an additional 1,429,612 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of VST opened at $154.88 on Thursday. The stock has a market cap of $52.68 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. The firm’s 50-day simple moving average is $123.70 and its two-hundred day simple moving average is $141.75.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 0.58%. Vistra’s dividend payout ratio is presently 14.15%.

Insider Activity

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the completion of the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. The trade was 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.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VST shares. Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. BMO Capital Markets upped their price objective on shares of 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 shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on shares of Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vistra has an average rating of “Moderate Buy” and a consensus price target of $166.67.

About Vistra

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.