PGGM Investments Sells 3,322 Shares of Vistra Corp. (NYSE:VST)

PGGM Investments lowered its stake in shares of Vistra Corp. (NYSE:VST) by 5.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,349 shares of the company’s stock after selling 3,322 shares during the quarter. PGGM Investments’ holdings in Vistra were worth $7,493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VST. Lionsbridge Wealth Management LLC purchased a new position in shares of Vistra during the fourth quarter valued at approximately $277,000. Dakota Wealth Management bought a new stake in shares of Vistra during the 4th quarter worth approximately $231,000. Retirement Systems of Alabama boosted its holdings in Vistra by 9.6% during the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock valued at $9,361,000 after acquiring an additional 6,920 shares during the period. First Sabrepoint Capital Management LP bought a new position in Vistra in the 3rd quarter valued at $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new stake in Vistra in the fourth quarter worth $565,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on VST shares. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 target price for the company. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, UBS Group boosted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

Insider Buying and Selling at Vistra

In related 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.42% of the company’s stock.

Vistra Trading Down 3.2 %

Shares of NYSE:VST opened at $117.98 on Friday. 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 company has a market capitalization of $40.13 billion, a PE ratio of 22.01, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12-month low of $60.73 and a 12-month high of $199.84. The business’s fifty day simple moving average is $156.60 and its 200-day simple moving average is $136.53.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. 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 yield of 0.76%. Vistra’s payout ratio is currently 12.62%.

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.