Paloma Partners Management Co Raises Position in Vistra Corp. (NYSE:VST)

Paloma Partners Management Co increased its holdings in Vistra Corp. (NYSE:VST) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,000 shares of the company’s stock after purchasing an additional 81 shares during the quarter. Paloma Partners Management Co’s holdings in Vistra were worth $1,103,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its position in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the period. Avior Wealth Management LLC raised its position in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Founders Capital Management purchased a new position in Vistra in the 4th quarter worth $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the fourth quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Vistra in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VST shares. UBS Group decreased their price objective on shares of Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. 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. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Vistra in a research note on Friday, April 4th. They set a “neutral” rating and a $134.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.17.

Insider Buying and Selling

In other Vistra news, Director John William Pitesa bought 1,500 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Vistra Trading Up 2.3 %

NYSE:VST opened at $129.57 on Tuesday. Vistra Corp. has a one year low of $66.50 and a one year 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. The company’s 50-day simple moving average is $122.07 and its 200 day simple moving average is $140.89. The firm has a market capitalization of $44.07 billion, a P/E ratio of 24.17, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were paid a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.69%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 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.