Vistra Corp. (NYSE:VST) Stock Holdings Boosted by Covalis Capital LLP

Covalis Capital LLP lifted its holdings in shares of Vistra Corp. (NYSE:VST) by 197.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,625 shares of the company’s stock after acquiring an additional 113,970 shares during the quarter. Vistra accounts for about 3.5% of Covalis Capital LLP’s holdings, making the stock its 6th largest position. Covalis Capital LLP owned about 0.05% of Vistra worth $23,662,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VST. Avior Wealth Management LLC lifted its stake in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares in the last quarter. Pathway Financial Advisers LLC grew its position in Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Founders Capital Management bought a new position in shares of Vistra during the 4th quarter valued at about $28,000. West Branch Capital LLC purchased a new position in shares of Vistra during the fourth quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Vistra in the 4th quarter worth $28,000. 90.88% of the stock is currently owned by institutional investors.

Insider Transactions at Vistra

In other news, Director John William Pitesa purchased 1,500 shares of the business’s stock in a transaction 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 purchase, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VST shares. Daiwa Capital Markets started coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. UBS Group decreased their target price on Vistra from $174.00 to $154.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Finally, BMO Capital Markets boosted their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.17.

Vistra Price Performance

NYSE VST opened at $115.26 on Friday. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.12 and a beta of 1.21. The stock has a 50-day moving average of $127.80 and a 200 day moving average of $141.08. Vistra Corp. has a one year low of $64.26 and a one 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.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a dividend yield of 0.78%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra’s dividend payout ratio is presently 12.62%.

Vistra 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.