Harvest Fund Management Co. Ltd Has $3.30 Million Stock Position in Vistra Corp. (NYSE:VST)

Harvest Fund Management Co. Ltd grew its position in Vistra Corp. (NYSE:VST) by 16.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,934 shares of the company’s stock after purchasing an additional 3,326 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Vistra were worth $3,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Avior Wealth Management LLC increased its stake in shares of Vistra by 56.5% in 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 during the period. Founders Capital Management acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. West Branch Capital LLC acquired a new stake in shares of Vistra in the 4th quarter valued at $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Vistra during the fourth quarter worth $28,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BMO Capital Markets lifted their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Morgan Stanley lifted their price objective on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. UBS Group lifted their price objective on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Bank of America raised Vistra from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Vistra Stock Performance

Shares of NYSE VST opened at $124.54 on Wednesday. The stock has a 50 day moving average price of $153.67 and a 200 day moving average price of $137.99. Vistra Corp. has a 52 week low of $62.12 and a 52 week 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 has a market capitalization of $42.36 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

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

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

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.