Situational Awareness LP Buys Shares of 428,397 Vistra Corp. (NYSE:VST)

Situational Awareness LP purchased a new position in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 428,397 shares of the company’s stock, valued at approximately $59,063,000. Vistra comprises 23.2% of Situational Awareness LP’s investment portfolio, making the stock its 2nd biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Florida Financial Advisors LLC bought a new stake in Vistra in the fourth quarter worth $328,000. Keystone Investors PTE Ltd. acquired a new stake in shares of Vistra in the fourth quarter worth about $1,784,000. TD Asset Management Inc. boosted its stake in shares of Vistra by 17.4% during the 4th quarter. TD Asset Management Inc. now owns 1,196,258 shares of the company’s stock worth $164,928,000 after acquiring an additional 176,872 shares in the last quarter. Emerald Advisers LLC boosted its stake in shares of Vistra by 58.1% during the 4th quarter. Emerald Advisers LLC now owns 2,699 shares of the company’s stock worth $372,000 after acquiring an additional 992 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Vistra by 58.3% during the 4th quarter. LPL Financial LLC now owns 315,464 shares of the company’s stock valued at $43,493,000 after acquiring an additional 116,226 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of several analyst reports. Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price for the company. Daiwa America upgraded shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price on the stock. 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. Finally, Bank of America raised 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 research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.83.

Vistra Stock Down 2.4 %

Shares of VST opened at $131.75 on Wednesday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The company has a 50-day simple moving average of $150.42 and a 200-day simple moving average of $139.90. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84. The firm has a market capitalization 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 company 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 dividend of $0.2235 per share. 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. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Insider Activity

In other Vistra news, Director John William Pitesa acquired 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, 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 company 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.