Vistra Corp. (NYSE:VST) is Forest Avenue Capital Management LP’s 6th Largest Position

Forest Avenue Capital Management LP reduced its stake in Vistra Corp. (NYSE:VST) by 27.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 527,807 shares of the company’s stock after selling 197,282 shares during the period. Vistra makes up 6.7% of Forest Avenue Capital Management LP’s portfolio, making the stock its 6th biggest position. Forest Avenue Capital Management LP’s holdings in Vistra were worth $72,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VST. Morse Asset Management Inc bought a new position in Vistra in the 3rd quarter valued at approximately $631,000. Orion Portfolio Solutions LLC raised its stake in shares of Vistra by 56.5% in the third quarter. Orion Portfolio Solutions LLC now owns 5,067 shares of the company’s stock worth $601,000 after purchasing an additional 1,829 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Vistra during the third quarter valued at $1,466,000. Fulcrum Equity Management boosted its position in shares of Vistra by 2.8% during the third quarter. Fulcrum Equity Management now owns 13,549 shares of the company’s stock valued at $1,606,000 after buying an additional 364 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in Vistra in the 3rd quarter worth about $208,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on VST. The Goldman Sachs Group began coverage on shares of Vistra in a report on Friday, April 4th. They set a “neutral” rating and a $134.00 price target on the stock. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. UBS Group dropped their price target on Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a research note on Friday. Finally, BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.69.

Vistra Price Performance

Shares of NYSE VST opened at $111.72 on Monday. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84. The company has a market cap of $38.00 billion, a PE ratio of 20.84, a P/E/G ratio of 1.12 and a beta of 1.21. 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 business has a 50-day simple moving average of $133.17 and a two-hundred day simple moving average of $141.54.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.2235 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.80%. Vistra’s dividend payout ratio is presently 12.62%.

Insider Buying and Selling

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John William Pitesa acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by corporate insiders.

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.