Shay Capital LLC Purchases New Stake in Vistra Corp. (NYSE:VST)

Shay Capital LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,610 shares of the company’s stock, valued at approximately $773,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Shell Asset Management Co. increased its stake in Vistra by 14.2% in the fourth quarter. Shell Asset Management Co. now owns 10,772 shares of the company’s stock valued at $1,485,000 after purchasing an additional 1,341 shares in the last quarter. Sherbrooke Park Advisers LLC raised its holdings in shares of Vistra by 6.8% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 4,261 shares of the company’s stock worth $587,000 after acquiring an additional 272 shares during the period. Recurrent Investment Advisors LLC bought a new stake in Vistra in the 4th quarter valued at $484,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vistra during the fourth quarter worth about $2,707,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Vistra during the fourth quarter worth about $7,028,000. 90.88% of the stock is owned by institutional investors.

Vistra Stock Performance

NYSE:VST opened at $152.18 on Friday. The company has a market cap of $51.77 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.12 and a beta of 1.16. Vistra Corp. has a fifty-two week low of $66.50 and a fifty-two week high of $199.84. 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 fifty day moving average price of $124.58 and a 200-day moving average price of $141.92.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.59%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, June 18th. Vistra’s dividend payout ratio is presently 14.15%.

Insider Buying and Selling at Vistra

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following 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 legal filing with the SEC, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction dated 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 in the company, valued at $6,341,513.97. This trade represents a 32.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VST. 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. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and cut their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Evercore ISI started coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Vistra in a research report on Friday, April 4th. They issued a “neutral” rating and a $134.00 price objective on the stock. Finally, Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.67.

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.