Altshuler Shaham Ltd Makes New Investment in Vistra Corp. (NYSE:VST)

Altshuler Shaham Ltd purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,531 shares of the company’s stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Peregrine Asset Advisers Inc. boosted its position in Vistra by 3.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock worth $285,000 after buying an additional 64 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Galvin Gaustad & Stein LLC grew its stake in shares of Vistra by 3.6% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock worth $286,000 after purchasing an additional 73 shares during the last quarter. Csenge Advisory Group increased its holdings in Vistra by 1.7% in the fourth quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock valued at $703,000 after purchasing an additional 83 shares during the period. Finally, New Century Financial Group LLC raised its position in Vistra by 3.5% during the 4th quarter. New Century Financial Group LLC now owns 2,760 shares of the company’s stock worth $381,000 after purchasing an additional 94 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VST has been the subject of several recent research reports. Evercore ISI started coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target for the company. UBS Group reduced their price objective on shares of Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. 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. Finally, The Goldman Sachs Group assumed coverage on Vistra in a research note on Friday, April 4th. They issued a “neutral” rating and a $134.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and a consensus price target of $159.69.

Vistra Trading Up 0.4 %

NYSE VST opened at $116.19 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The business has a 50 day moving average price of $129.91 and a 200-day moving average price of $141.15. The company has a market cap of $39.52 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm 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 represents a $0.89 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 12.62%.

Insiders Place Their Bets

In related news, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s 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 completion of the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

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.