Horizon Investments LLC Has $2.68 Million Stake in Vistra Corp. (NYSE:VST)

Horizon Investments LLC boosted its stake in shares of Vistra Corp. (NYSE:VST) by 69.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,430 shares of the company’s stock after acquiring an additional 7,961 shares during the period. Horizon Investments LLC’s holdings in Vistra were worth $2,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lionsbridge Wealth Management LLC bought a new position in shares of Vistra in the fourth quarter worth $277,000. Dakota Wealth Management acquired a new position in shares of Vistra in the 4th quarter valued at approximately $231,000. Retirement Systems of Alabama raised its position in shares of Vistra by 9.6% in the 3rd 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 in the last quarter. First Sabrepoint Capital Management LP acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $17,781,000. Finally, Legal Advantage Investments Inc. acquired a new stake in shares of Vistra during the 4th quarter worth approximately $565,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VST has been the subject of several recent analyst reports. Evercore ISI began coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Bank of America upgraded 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 report on Tuesday, March 4th. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Vistra presently 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 acquired 1,500 shares of the stock in a transaction dated 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 transaction, the director now owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction dated 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 sale, the director now owns 51,063 shares in the company, valued at approximately $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 currently owned by company insiders.

Vistra Price Performance

VST stock opened at $124.54 on Wednesday. The company has a market capitalization of $42.36 billion, a P/E ratio of 23.23, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52-week low of $62.12 and a 52-week high of $199.84. The company has a fifty day moving average price of $153.67 and a 200-day moving average price of $137.99. 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 annualized dividend and a dividend yield of 0.72%. Vistra’s dividend payout ratio is presently 12.62%.

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.