DnB Asset Management AS Has $11.80 Million Holdings in Vistra Corp. (NYSE:VST)

DnB Asset Management AS increased its holdings in shares of Vistra Corp. (NYSE:VST) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,612 shares of the company’s stock after purchasing an additional 2,282 shares during the quarter. DnB Asset Management AS’s holdings in Vistra were worth $11,803,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in shares of Vistra by 56.5% during the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after buying an additional 65 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in Vistra by 616.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Founders Capital Management bought a new position in Vistra in the fourth quarter valued at approximately $28,000. West Branch Capital LLC acquired a new position in shares of Vistra during the 4th quarter worth approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Vistra during the 4th quarter worth approximately $28,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VST shares. 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 target price for the company. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. JPMorgan Chase & Co. cut their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday. BMO Capital Markets upped their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI initiated coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.50.

Insider Transactions at Vistra

In other news, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This 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 currently owned by insiders.

Vistra Stock Down 0.2 %

VST stock opened at $119.05 on Friday. Vistra Corp. has a fifty-two week low of $64.26 and a fifty-two week high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The business’s fifty day moving average price is $147.39 and its two-hundred day moving average price is $140.40. The stock has a market capitalization of $40.49 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s payout ratio is 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.