OMERS ADMINISTRATION Corp Sells 10,606 Shares of Vistra Corp. (NYSE:VST)

OMERS ADMINISTRATION Corp reduced its holdings in Vistra Corp. (NYSE:VST) by 30.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,259 shares of the company’s stock after selling 10,606 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Vistra were worth $3,345,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Vistra in the fourth quarter worth $409,087,000. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 63.6% in the 4th 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 in the last quarter. Capital International Investors purchased a new stake in shares of Vistra in the 4th quarter worth about $286,414,000. Raymond James Financial Inc. bought a new stake in shares of Vistra during the 4th quarter valued at about $237,441,000. Finally, Appaloosa LP boosted its stake in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after purchasing an additional 1,429,612 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Paul M. Barbas sold 24,136 shares of the company’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 value of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This represents a 32.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction 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 owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26% increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on VST. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday, March 5th. BMO Capital Markets increased their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Evercore ISI began coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Finally, UBS Group upped their price target on Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $166.67.

Vistra Stock Up 6.1%

Shares of NYSE:VST opened at $154.94 on Wednesday. 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 stock has a fifty day simple moving average of $122.88 and a two-hundred day simple moving average of $141.66. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $199.84. The stock has a market capitalization of $52.70 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.12 and a beta of 1.16.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.58%. 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 payout ratio is currently 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.