Corebridge Financial Inc. Has $12.42 Million Stake in Vistra Corp. (NYSE:VST)

Corebridge Financial Inc. reduced its holdings in Vistra Corp. (NYSE:VST) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,117 shares of the company’s stock after selling 1,473 shares during the quarter. Corebridge Financial Inc.’s holdings in Vistra were worth $12,424,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Emerald Advisers LLC grew its holdings in Vistra by 58.1% in the 4th quarter. Emerald Advisers LLC now owns 2,699 shares of the company’s stock valued at $372,000 after buying an additional 992 shares during the last quarter. LPL Financial LLC grew its stake in shares of Vistra by 58.3% in the fourth quarter. LPL Financial LLC now owns 315,464 shares of the company’s stock worth $43,493,000 after acquiring an additional 116,226 shares during the last quarter. Runnymede Capital Advisors Inc. bought a new position in Vistra during the fourth quarter worth $131,000. Mizuho Securities USA LLC raised its stake in Vistra by 44.7% during the 4th quarter. Mizuho Securities USA LLC now owns 32,246 shares of the company’s stock valued at $4,446,000 after purchasing an additional 9,968 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Vistra in the 4th quarter valued at $2,113,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

NYSE VST opened at $131.75 on Wednesday. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84. The company has a 50 day moving average of $150.42 and a 200-day moving average of $139.90. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a market cap of $44.82 billion, a price-to-earnings ratio of 24.58, a PEG 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. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.68%. Vistra’s payout ratio is presently 12.62%.

Analysts Set New Price Targets

A number of research analysts have recently commented on VST shares. UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Daiwa Capital Markets began coverage on Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price for the company. Finally, Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and an average price target of $162.83.

Insiders Place Their Bets

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John William Pitesa bought 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 completion of the purchase, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

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.