Corebridge Financial Inc. Sells 1,473 Shares of Vistra Corp. (NYSE:VST)

Corebridge Financial Inc. decreased its holdings in shares of Vistra Corp. (NYSE:VST) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 90,117 shares of the company’s stock after selling 1,473 shares during the period. Corebridge Financial Inc.’s holdings in Vistra were worth $12,424,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Avior Wealth Management LLC increased its holdings in Vistra by 56.5% in the fourth 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 last quarter. Pathway Financial Advisers LLC raised its position in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the period. Founders Capital Management bought a new position in Vistra during the 4th quarter worth approximately $28,000. West Branch Capital LLC acquired a new position in Vistra during the fourth quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in Vistra in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Vistra

In other Vistra news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the firm’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 value of $2,997,449.84. Following the completion of the sale, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

Vistra Trading Down 2.4 %

NYSE VST opened at $131.75 on Wednesday. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. 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 stock has a 50 day moving average of $150.42 and a 200-day moving average of $139.90. The company has a market cap of $44.82 billion, a PE ratio of 24.58, a PEG 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 given a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is 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.