Vistra Corp. (NYSE:VST) Position Reduced by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in Vistra Corp. (NYSE:VST) by 31.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 569,977 shares of the company’s stock after selling 263,587 shares during the quarter. Federated Hermes Inc.’s holdings in Vistra were worth $78,591,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Lionsbridge Wealth Management LLC acquired a new position in Vistra in the 4th quarter worth approximately $277,000. Dakota Wealth Management purchased a new stake in shares of Vistra in the fourth quarter valued at $231,000. Retirement Systems of Alabama boosted its position in shares of Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after buying an additional 6,920 shares during the period. First Sabrepoint Capital Management LP purchased a new position in shares of Vistra during the third quarter valued at $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new stake in Vistra in the 4th quarter worth about $565,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. 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 the stock in a transaction dated Wednesday, March 12th. The stock was 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 $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. The Goldman Sachs Group assumed coverage on shares of Vistra in a research note on Friday. They issued a “neutral” rating and a $134.00 price objective on the stock. Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $161.23.

Vistra Stock Down 9.7 %

Shares of VST stock opened at $97.76 on Monday. The stock’s 50 day simple moving average is $140.32 and its 200 day simple moving average is $141.78. Vistra Corp. has a twelve month low of $64.26 and a twelve month high of $199.84. 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 company has a market capitalization of $33.25 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.91%. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

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.