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

Situational Awareness LP purchased a new position in Vistra Corp. (NYSE:VST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 428,397 shares of the company’s stock, valued at approximately $59,063,000. Vistra makes up 23.2% of Situational Awareness LP’s investment portfolio, making the stock its 2nd biggest holding. Situational Awareness LP owned 0.13% of Vistra as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Florida Financial Advisors LLC acquired a new position in Vistra during the 4th quarter valued at about $328,000. Keystone Investors PTE Ltd. acquired a new position in shares of Vistra during the fourth quarter valued at approximately $1,784,000. TD Asset Management Inc. raised its holdings in Vistra by 17.4% during the fourth quarter. TD Asset Management Inc. now owns 1,196,258 shares of the company’s stock worth $164,928,000 after purchasing an additional 176,872 shares in the last quarter. Emerald Advisers LLC lifted its position in Vistra by 58.1% in the fourth quarter. Emerald Advisers LLC now owns 2,699 shares of the company’s stock worth $372,000 after purchasing an additional 992 shares during the period. Finally, LPL Financial LLC boosted its stake in 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 purchasing an additional 116,226 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST stock opened at $131.75 on Wednesday. The company has a market capitalization of $44.82 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 1-year low of $64.26 and a 1-year 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’s fifty day simple moving average is $150.42 and its 200-day simple moving average is $139.90.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 0.68%. Vistra’s dividend payout ratio is currently 12.62%.

Insider Activity

In related news, Director John William Pitesa purchased 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the acquisition, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a document filed 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 on Monday, March 3rd. The stock was 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 directly owns 51,063 shares in the company, valued at $6,341,513.97. This trade represents 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 corporate insiders.

Analysts Set New Price Targets

VST has been the subject of several research analyst reports. Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday, March 5th. Evercore ISI began coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and cut their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Daiwa Capital Markets assumed coverage on shares of Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Vistra has an average rating of “Moderate Buy” and an average target price of $162.83.

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.