Meeder Advisory Services Inc. Acquires 1,284 Shares of Vistra Corp. (NYSE:VST)

Meeder Advisory Services Inc. raised its stake in shares of Vistra Corp. (NYSE:VST) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,765 shares of the company’s stock after acquiring an additional 1,284 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Vistra were worth $657,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new position in Vistra in the fourth quarter valued at about $409,087,000. Raymond James Financial Inc. purchased a new position in Vistra during the 4th quarter worth $237,441,000. Appaloosa LP increased its position in 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 buying an additional 1,429,612 shares in the last quarter. State Street Corp raised its position in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Vistra in the 3rd quarter worth approximately $70,753,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

NYSE:VST opened at $107.92 on Friday. The stock has a 50 day moving average price of $142.18 and a 200 day moving average price of $141.02. 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 stock has a market cap of $36.71 billion, a PE ratio of 20.13, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a one year low of $64.26 and a one year high of $199.84.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 12.62%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa Capital Markets assumed coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. BMO Capital Markets increased their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group boosted their target price 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. Finally, Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Vistra has a consensus rating of “Moderate Buy” and an average target price of $163.50.

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.