Temasek Holdings Private Ltd Sells 14,315 Shares of Vistra Corp. (NYSE:VST)

Temasek Holdings Private Ltd trimmed its holdings in Vistra Corp. (NYSE:VST) by 50.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,104 shares of the company’s stock after selling 14,315 shares during the period. Temasek Holdings Private Ltd’s holdings in Vistra were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VST. Lionsbridge Wealth Management LLC bought a new stake in shares of Vistra during the 4th quarter valued at $277,000. Dakota Wealth Management purchased a new position in Vistra during the 4th quarter valued at about $231,000. Legal Advantage Investments Inc. purchased a new position in Vistra during the 4th quarter valued at about $565,000. Viking Fund Management LLC increased its position in shares of Vistra by 90.0% during the fourth quarter. Viking Fund Management LLC now owns 19,000 shares of the company’s stock valued at $2,620,000 after buying an additional 9,000 shares during the period. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Vistra by 201.1% in the fourth 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 in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $156.55 on Friday. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The company has a fifty day moving average of $125.42 and a 200-day moving average of $142.25. The company has a market capitalization of $53.12 billion, a P/E ratio of 29.21, 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 quick ratio of 0.99 and a current ratio of 1.11.

Vistra Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.57%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 14.15%.

Insiders Place Their Bets

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 purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the business’s 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 sale, the director now owns 51,063 shares of the company’s stock, valued at approximately $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.

Analysts Set New Price Targets

VST has been the subject of several recent analyst reports. Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price target on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday, March 28th. UBS Group upped their price target 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 Capital Markets initiated coverage on 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 initiated coverage on Vistra in a research note on Friday, April 4th. They set a “neutral” rating and a $134.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.