Sound Shore Management Inc. CT Has $66.42 Million Holdings in Vistra Corp. (NYSE:VST)

Sound Shore Management Inc. CT lessened its holdings in Vistra Corp. (NYSE:VST) by 38.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 481,772 shares of the company’s stock after selling 303,328 shares during the period. Sound Shore Management Inc. CT’s holdings in Vistra were worth $66,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VST. Raymond James Financial Inc. acquired a new stake in shares of Vistra in the 4th quarter valued at $237,441,000. Appaloosa LP lifted its stake in shares of Vistra by 112.5% in the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. State Street Corp lifted its stake in shares of Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC lifted 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. Finally, Rubric Capital Management LP lifted its stake in shares of Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 0.9 %

Shares of VST opened at $130.75 on Monday. The company has a 50-day simple moving average of $151.74 and a 200-day simple moving average of $139.08. The firm has a market capitalization of $44.47 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.12 and a beta of 1.21. 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 Corp. has a 52 week low of $64.26 and a 52 week high of $199.84.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.68%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 12.62%.

Wall Street Analyst Weigh In

VST has been the subject of a number of research analyst reports. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. UBS Group boosted their target price 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. Finally, Daiwa Capital Markets initiated coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.83.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $2,997,449.84. Following the completion of the sale, the director now directly 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 insiders.

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.