NEOS Investment Management LLC Makes New Investment in Vistra Corp. (NYSE:VST)

NEOS Investment Management LLC purchased a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, Holdings Channel reports. The firm purchased 18,104 shares of the company’s stock, valued at approximately $2,496,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UniSuper Management Pty Ltd lifted its holdings in Vistra by 0.5% during the fourth quarter. UniSuper Management Pty Ltd now owns 27,270 shares of the company’s stock worth $3,760,000 after acquiring an additional 134 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Vistra by 12.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 534,833 shares of the company’s stock worth $73,737,000 after purchasing an additional 57,266 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Vistra during the fourth quarter worth about $317,000. Situational Awareness LP bought a new position in shares of Vistra during the 4th quarter valued at about $59,063,000. Finally, Florida Financial Advisors LLC acquired a new position in shares of Vistra in the 4th quarter valued at approximately $328,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VST. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Daiwa Capital Markets started coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Evercore ISI initiated coverage on Vistra in a report 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, UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Two research 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 currently has an average rating of “Moderate Buy” and an average price target of $163.50.

Insider Transactions at Vistra

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased 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 directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $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. 1.42% of the stock is owned by company insiders.

Vistra Trading Down 0.2 %

NYSE VST opened at $119.05 on Friday. The company has a market cap of $40.49 billion, a PE ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The stock has a 50 day moving average of $147.39 and a 200-day moving average of $139.96. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) 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.