32,613 Shares in Vistra Corp. (NYSE:VST) Acquired by Alerus Financial NA

Alerus Financial NA bought a new stake in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 32,613 shares of the company’s stock, valued at approximately $4,496,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Vistra in the fourth quarter valued at $409,087,000. Raymond James Financial Inc. purchased a new position in shares of Vistra during the 4th quarter valued at about $237,441,000. Appaloosa LP raised its stake in shares of 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 in the last quarter. State Street Corp increased its holdings in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after buying an additional 1,037,402 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after acquiring an additional 1,000,307 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on VST. BMO Capital Markets boosted their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group increased their price target on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Evercore ISI started coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Finally, Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $162.83.

Insider Transactions at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated 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 in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John William Pitesa bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the transaction, 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 disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

Vistra Price Performance

VST stock opened at $119.35 on Friday. 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 market capitalization of $40.60 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.12 and a beta of 1.21. The firm has a 50 day moving average price of $148.43 and a 200-day moving average price of $139.65. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 annualized dividend and a yield of 0.75%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is 12.62%.

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.