Point72 Asia Singapore Pte. Ltd. Purchases Shares of 19,637 Vistra Corp. (NYSE:VST)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vistra Corp. (NYSE:VST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,637 shares of the company’s stock, valued at approximately $2,707,000. Vistra makes up approximately 0.7% of Point72 Asia Singapore Pte. Ltd.’s investment portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital raised its holdings in shares of Vistra by 16.6% in the fourth quarter. Wedmont Private Capital now owns 2,950 shares of the company’s stock worth $407,000 after acquiring an additional 421 shares during the last quarter. Grassi Investment Management purchased a new stake in Vistra during the 4th quarter worth about $383,000. AdvisorNet Financial Inc raised its stake in Vistra by 315.1% in the 4th quarter. AdvisorNet Financial Inc now owns 631 shares of the company’s stock valued at $87,000 after purchasing an additional 479 shares during the last quarter. Global Financial Private Client LLC raised its stake in Vistra by 35.8% in the 4th quarter. Global Financial Private Client LLC now owns 1,332 shares of the company’s stock valued at $184,000 after purchasing an additional 351 shares during the last quarter. Finally, 180 Wealth Advisors LLC purchased a new position in Vistra in the 4th quarter valued at about $600,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on VST. UBS Group lifted their price target on shares of Vistra from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. The Goldman Sachs Group initiated coverage on shares of Vistra in a research report on Friday, April 4th. They set a “neutral” rating and a $134.00 target price on the stock. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa Capital Markets assumed 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, Evercore ISI assumed coverage on Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.67.

Insider Buying and Selling at Vistra

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

Vistra Stock Performance

Vistra stock opened at $154.88 on Thursday. The company has a market cap of $52.68 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.16. Vistra Corp. has a 12 month low of $66.50 and a 12 month 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 stock’s 50-day moving average is $123.70 and its 200-day moving average is $141.75.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a $0.225 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.90 annualized dividend and a yield of 0.58%. Vistra’s dividend payout ratio (DPR) is presently 14.15%.

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.