Alyeska Investment Group L.P. Acquires 35,037 Shares of Vistra Corp. (NYSE:VST)

Alyeska Investment Group L.P. lifted its stake in Vistra Corp. (NYSE:VST) by 111.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,572 shares of the company’s stock after acquiring an additional 35,037 shares during the period. Alyeska Investment Group L.P.’s holdings in Vistra were worth $9,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Vistra by 2.6% in the 4th 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 grew its holdings 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. Northern Trust Corp increased its position in shares of Vistra by 10.9% during the fourth quarter. Northern Trust Corp now owns 3,026,484 shares of the company’s stock worth $417,261,000 after purchasing an additional 296,714 shares in the last quarter. Norges Bank purchased a new stake in shares of Vistra during the 4th quarter valued at $409,087,000. Finally, Appaloosa LP boosted its position in shares of Vistra by 112.5% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VST shares. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and cut their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. The Goldman Sachs Group initiated coverage on shares of Vistra in a research note on Friday, April 4th. They issued a “neutral” rating and a $134.00 target price for the company. UBS Group cut their price target on shares of Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.17.

Insider Buying and Selling

In other news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value 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 position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by corporate insiders.

Vistra Trading Up 0.6 %

NYSE VST opened at $140.05 on Tuesday. Vistra Corp. has a 1 year low of $66.50 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $47.64 billion, a PE ratio of 26.13, a P/E/G ratio of 1.12 and a beta of 1.16. The company has a fifty day moving average of $120.75 and a 200 day moving average of $141.03.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be paid a $0.225 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.64%. Vistra’s dividend payout ratio is presently 12.77%.

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.