Natixis Makes New Investment in Vistra Corp. (NYSE:VST)

Natixis purchased a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 58,258 shares of the company’s stock, valued at approximately $8,032,000.

Other institutional investors have also modified their holdings of the company. Peregrine Asset Advisers Inc. boosted its position in shares of Vistra by 3.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after buying an additional 64 shares during the period. Avior Wealth Management LLC grew its stake in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Galvin Gaustad & Stein LLC raised its holdings in shares of Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after purchasing an additional 73 shares during the last quarter. Csenge Advisory Group lifted its position in shares of Vistra by 1.7% in the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock worth $703,000 after purchasing an additional 83 shares in the last quarter. Finally, New Century Financial Group LLC grew its position in Vistra by 3.5% in the fourth quarter. New Century Financial Group LLC now owns 2,760 shares of the company’s stock valued at $381,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective for the company. The Goldman Sachs Group assumed coverage on Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 price target on the stock. UBS Group decreased their target price on shares of Vistra from $174.00 to $154.00 and set a “buy” rating for the company in a research note on Friday, April 11th. BMO Capital Markets upped their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.17.

Vistra Stock Down 0.5 %

VST stock opened at $115.26 on Monday. The business’s fifty day moving average price is $127.80 and its two-hundred day moving average price is $141.25. The stock has a market capitalization of $39.21 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a fifty-two week low of $65.32 and a fifty-two week 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.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 12.62%.

Insider Activity

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction 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 completion of the transaction, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John William Pitesa bought 1,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 3,467 shares in the company, valued at approximately $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 company insiders.

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.