Swiss National Bank Sells 61,000 Shares of Vistra Corp. (NYSE:VST)

Swiss National Bank decreased its holdings in shares of Vistra Corp. (NYSE:VST) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 970,473 shares of the company’s stock after selling 61,000 shares during the period. Swiss National Bank’s holdings in Vistra were worth $133,799,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Vistra in the 4th quarter worth about $237,441,000. Massachusetts Financial Services Co. MA raised its stake in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after purchasing an additional 1,293,974 shares in the last quarter. State Street Corp lifted its position in Vistra by 6.8% during the third 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 grew its stake in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after buying an additional 1,000,307 shares in the last quarter. Finally, Rubric Capital Management LP increased its holdings 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 worth $251,898,000 after buying an additional 797,894 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, 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 transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America raised shares of 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 report on Tuesday, March 4th. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. UBS Group boosted their target price on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Daiwa America raised Vistra to a “hold” rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.83.

Vistra Stock Performance

Shares of VST stock opened at $117.98 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. Vistra Corp. has a fifty-two week low of $60.73 and a fifty-two week high of $199.84. The company has a market capitalization of $40.13 billion, a P/E ratio of 22.01, a PEG ratio of 1.12 and a beta of 1.21. The stock has a 50 day moving average price of $156.60 and a two-hundred day moving average price of $136.53.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given 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 0.76%. This is a boost from Vistra’s previous quarterly dividend of $0.22. 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.