Vistra Corp. (NYSE:VST) Shares Sold by Umpqua Bank

Umpqua Bank cut its position in Vistra Corp. (NYSE:VST) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,630 shares of the company’s stock after selling 150 shares during the quarter. Umpqua Bank’s holdings in Vistra were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Lionsbridge Wealth Management LLC acquired a new stake in shares of Vistra in the fourth quarter valued at $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra in the fourth quarter valued at $231,000. Retirement Systems of Alabama grew its stake in shares of Vistra by 9.6% in the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after buying an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP acquired a new stake in shares of Vistra in the third quarter valued at $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new position in Vistra in the fourth quarter valued at $565,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John William Pitesa purchased 1,500 shares of Vistra 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 ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on VST. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Vistra Price Performance

VST stock opened at $130.75 on Friday. Vistra Corp. has a 1 year low of $64.26 and a 1 year 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’s 50 day moving average price is $151.74 and its 200 day moving average price is $138.21. The firm has a market cap of $44.47 billion, a P/E ratio of 24.39, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.68%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 12.62%.

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.