Korea Investment CORP Sells 286,716 Shares of Vistra Corp. (NYSE:VST)

Korea Investment CORP decreased its position in Vistra Corp. (NYSE:VST) by 44.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 352,428 shares of the company’s stock after selling 286,716 shares during the period. Korea Investment CORP’s holdings in Vistra were worth $48,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its stake 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 valued at $1,938,752,000 after buying an additional 1,037,402 shares during the period. Janus Henderson Group PLC increased its holdings in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the last quarter. Appaloosa LP raised its stake in Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after acquiring an additional 1,429,612 shares during the period. Castle Hook Partners LP lifted its holdings in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after purchasing an additional 654,568 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Vistra by 12.3% during the fourth quarter. Assetmark Inc. now owns 1,779,846 shares of the company’s stock worth $245,387,000 after purchasing an additional 194,404 shares during the period. 90.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. UBS Group increased their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the company from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, BMO Capital Markets lifted their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

Insider Transactions at Vistra

In other news, Director John William Pitesa purchased 1,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the company’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 completion of the transaction, the director now owns 51,063 shares of the company’s stock, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of VST opened at $119.35 on Friday. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84. 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 company has a market cap of $40.60 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The stock has a 50-day moving average price of $148.43 and a 200-day moving average price of $139.65.

Vistra Increases Dividend

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