Polymer Capital Management HK LTD Acquires 2,747 Shares of Vistra Corp. (NYSE:VST)

Polymer Capital Management HK LTD lifted its holdings in Vistra Corp. (NYSE:VST) by 10.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,779 shares of the company’s stock after buying an additional 2,747 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Vistra were worth $4,106,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Lionsbridge Wealth Management LLC acquired a new stake in Vistra in the 4th quarter valued at about $277,000. Dakota Wealth Management acquired a new stake in shares of Vistra in the fourth quarter valued at approximately $231,000. Retirement Systems of Alabama raised its position in Vistra by 9.6% in the 3rd quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares during the last quarter. First Sabrepoint Capital Management LP acquired a new position in Vistra during the 3rd quarter worth $17,781,000. Finally, Legal Advantage Investments Inc. bought a new position in Vistra in the 4th quarter valued at $565,000. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

VST opened at $97.76 on Friday. The stock has a market cap of $33.25 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The company has a fifty day simple moving average of $140.32 and a 200 day simple moving average of $141.42.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.2235 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, March 20th. Vistra’s dividend payout ratio is 12.62%.

Analyst Ratings Changes

VST has been the subject of a number of recent research reports. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group assumed coverage on Vistra in a report on Friday. They set a “neutral” rating and a $134.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Finally, Daiwa Capital Markets assumed coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Three equities research 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 an average target price of $161.23.

Insider Transactions at Vistra

In related news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The stock was bought 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 directly owns 3,467 shares of the company’s stock, valued at $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the firm’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 sale, the director now owns 51,063 shares in the company, 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 currently owned by insiders.

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.