Prudential Financial Inc. Sells 27,284 Shares of Vistra Corp. (NYSE:VST)

Prudential Financial Inc. cut its holdings in shares of Vistra Corp. (NYSE:VST) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 205,519 shares of the company’s stock after selling 27,284 shares during the period. Prudential Financial Inc. owned 0.06% of Vistra worth $28,335,000 as of its most recent SEC filing.

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

Vistra Price Performance

Shares of NYSE VST opened at $131.75 on Wednesday. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The business’s 50 day moving average price is $150.42 and its 200 day moving average price is $139.90. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The firm has a market cap of $44.82 billion, a P/E ratio of 24.58, a P/E/G ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

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

Insider Transactions at Vistra

In related news, Director John William Pitesa bought 1,500 shares of the stock in a transaction dated 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 $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred 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 transaction, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. 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 research analysts have recently issued reports on VST shares. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. Daiwa America raised shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. UBS Group boosted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

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.