Pallas Capital Advisors LLC Purchases 14,513 Shares of Vistra Corp. (NYSE:VST)

Pallas Capital Advisors LLC raised its holdings in shares of Vistra Corp. (NYSE:VST) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,995 shares of the company’s stock after acquiring an additional 14,513 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Vistra were worth $6,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of VST. Pacer Advisors Inc. grew its holdings in Vistra by 19,070.8% during the fourth quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company’s stock valued at $214,426,000 after purchasing an additional 5,537,584 shares during the period. Steadfast Capital Management LP bought a new position in shares of Vistra during the 2nd quarter valued at approximately $67,462,000. Jupiter Asset Management Ltd. purchased a new stake in Vistra in the 3rd quarter worth approximately $57,218,000. Renaissance Technologies LLC raised its stake in Vistra by 2,443.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,781,440 shares of the company’s stock worth $41,418,000 after acquiring an additional 1,711,407 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Vistra by 509.3% during the third quarter. Deutsche Bank AG now owns 1,734,590 shares of the company’s stock valued at $57,554,000 after purchasing an additional 1,449,905 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In related news, EVP Carrie Lee Kirby sold 72,748 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the sale, the executive vice president now owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Vistra news, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the transaction, the executive vice president now owns 161,888 shares in the company, valued at approximately $9,470,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the transaction, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The disclosure for this sale can be found here. In the last three months, insiders sold 257,285 shares of company stock valued at $15,404,397. Corporate insiders own 1.36% of the company’s stock.

Vistra Price Performance

VST opened at $71.53 on Tuesday. The business has a fifty day moving average of $53.14 and a 200 day moving average of $41.63. The stock has a market cap of $24.88 billion, a P/E ratio of 19.98, a PEG ratio of 0.93 and a beta of 1.05. Vistra Corp. has a 52-week low of $22.67 and a 52-week high of $73.07. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26.

Vistra (NYSE:VST) last issued its earnings results on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a return on equity of 20.05% and a net margin of 10.10%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $5.48 billion. As a group, sell-side analysts anticipate that Vistra Corp. will post 4.28 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th were issued a $0.215 dividend. The ex-dividend date was Tuesday, March 19th. This is an increase from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.20%. Vistra’s dividend payout ratio (DPR) is currently 24.02%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VST shares. Morgan Stanley restated an “overweight” rating and set a $78.00 price objective on shares of Vistra in a research report on Monday, March 25th. BMO Capital Markets lifted their target price on Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Finally, Evercore ISI increased their price target on Vistra from $42.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $61.75.

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.