3,800 Shares in Vistra Corp. (NYSE:VST) Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd bought a new position in shares of Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,800 shares of the company’s stock, valued at approximately $524,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after purchasing an additional 1,293,974 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after purchasing an additional 1,000,307 shares during the last quarter. Appaloosa LP increased its position in shares of Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after buying an additional 1,429,612 shares during the period. Finally, Castle Hook Partners LP raised its stake in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after buying an additional 654,568 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Price Performance

VST stock opened at $124.42 on Friday. 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 $155.20 and a two-hundred day simple moving average of $137.04. The company has a market capitalization of $42.32 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52-week low of $60.86 and a 52-week high of $199.84.

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 issued a dividend of $0.2235 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.72%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 12.62%.

Wall Street Analyst Weigh In

VST has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price for the company. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Morgan Stanley increased 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. Finally, Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction 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 of the company’s stock, 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. 1.42% of the stock is currently 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.