Xponance Inc. raised its stake in Vistra Corp. (NYSE:VST – Free Report) by 15.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 87,920 shares of the company’s stock after acquiring an additional 11,936 shares during the period. Xponance Inc.’s holdings in Vistra were worth $12,122,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of VST. Peregrine Asset Advisers Inc. boosted its holdings in shares of Vistra by 3.2% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 2,064 shares of the company’s stock valued at $285,000 after buying an additional 64 shares during the period. Avior Wealth Management LLC boosted its stake 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 purchasing an additional 65 shares during the period. Galvin Gaustad & Stein LLC boosted its stake in Vistra by 3.6% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 2,077 shares of the company’s stock valued at $286,000 after purchasing an additional 73 shares during the period. OneDigital Investment Advisors LLC boosted its stake in Vistra by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,809 shares of the company’s stock valued at $333,000 after purchasing an additional 81 shares during the period. Finally, Csenge Advisory Group boosted its stake in Vistra by 1.7% during the 4th quarter. Csenge Advisory Group now owns 5,096 shares of the company’s stock valued at $703,000 after purchasing an additional 83 shares during the period. Institutional investors own 90.88% of the company’s stock.
Insider Buying and Selling
In other news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 51,063 shares in the company, valued at $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John William Pitesa purchased 1,500 shares of the business’s 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 acquisition, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.
Vistra Stock Down 1.4 %
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 issued a $0.2235 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is presently 12.62%.
Analysts Set New Price Targets
VST has been the subject of a number of analyst reports. Daiwa America raised shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Morgan Stanley boosted their target price on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Daiwa Capital Markets began coverage on shares of Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target on the stock. Finally, Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.83.
Read Our Latest Research Report on VST
About Vistra
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.
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