Dorsey Wright & Associates Has $6.63 Million Holdings in Vistra Corp. (NYSE:VST)

Dorsey Wright & Associates trimmed its stake in Vistra Corp. (NYSE:VST) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,114 shares of the company’s stock after selling 96 shares during the period. Vistra comprises about 1.6% of Dorsey Wright & Associates’ investment portfolio, making the stock its 13th biggest position. Dorsey Wright & Associates’ holdings in Vistra were worth $6,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in VST. Norges Bank bought a new position in Vistra in the fourth quarter worth $409,087,000. Raymond James Financial Inc. bought a new position in shares of Vistra during the 4th quarter worth about $237,441,000. Appaloosa LP boosted its position in shares of Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after acquiring an additional 1,429,612 shares in the last quarter. State Street Corp increased its stake in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Finally, Janus Henderson Group PLC raised its position in Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In related news, Director John William Pitesa bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of several analyst reports. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday. UBS Group boosted their target price 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. BMO Capital Markets increased 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, Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.50.

Vistra Price Performance

VST opened at $119.05 on Friday. The firm has a market capitalization 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 fifty day moving average price of $147.39 and a two-hundred day moving average price of $140.40. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52 week low of $64.26 and a 52 week high of $199.84.

Vistra Increases Dividend

The firm 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 dividend of $0.2235 per share. The ex-dividend date is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.75%. Vistra’s payout ratio is currently 12.62%.

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.