UniSuper Management Pty Ltd Grows Position in Vistra Corp. (NYSE:VST)

UniSuper Management Pty Ltd lifted its position in shares of Vistra Corp. (NYSE:VST) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,270 shares of the company’s stock after purchasing an additional 134 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Vistra were worth $3,760,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after buying an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Appaloosa LP grew its holdings in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock worth $372,249,000 after purchasing an additional 1,429,612 shares during the period. Assetmark Inc. increased its stake in shares of Vistra by 12.3% during the fourth quarter. Assetmark Inc. now owns 1,779,846 shares of the company’s stock valued at $245,387,000 after purchasing an additional 194,404 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Vistra during the fourth quarter valued at approximately $237,441,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of VST opened at $119.05 on Friday. The firm has a fifty day simple moving average of $147.39 and a two-hundred day simple moving average of $139.96. The firm has a market cap of $40.49 billion, a PE ratio of 22.21, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 1-year low of $64.26 and a 1-year high of $199.84.

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. 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 dividend on an annualized basis and a yield of 0.75%. Vistra’s dividend payout ratio is currently 12.62%.

Insiders Place Their Bets

In related news, 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 transaction, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was 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.

Analyst Ratings Changes

Several analysts recently weighed in on VST shares. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and cut their target price for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday. Daiwa Capital Markets began coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, UBS Group raised their price objective 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.50.

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.