Vistra Corp. (NYSE:VST) Shares Sold by Virtu Financial LLC

Virtu Financial LLC reduced its stake in shares of Vistra Corp. (NYSE:VST) by 80.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,379 shares of the company’s stock after selling 9,990 shares during the quarter. Virtu Financial LLC’s holdings in Vistra were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in VST. Lionsbridge Wealth Management LLC purchased a new stake in Vistra during the 4th quarter valued at about $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra during the fourth quarter worth about $231,000. Retirement Systems of Alabama boosted its position in 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 during the last quarter. First Sabrepoint Capital Management LP acquired a new position in Vistra in the 3rd quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new position in Vistra during the 4th quarter worth approximately $565,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Stock Down 3.8 %

Shares of VST opened at $119.35 on Friday. The firm has a market cap of $40.60 billion, a P/E ratio of 22.27, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The stock’s 50 day moving average is $148.43 and its two-hundred day moving average is $139.65. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The business also recently declared 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 is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.75%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 12.62%.

Analysts Set New Price Targets

Several analysts have recently commented on VST shares. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Daiwa America raised Vistra to a “hold” rating in a research report on Wednesday, March 5th. UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Finally, Daiwa Capital Markets initiated coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Insider Buying and Selling

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

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.