Quarry LP Decreases Stock Holdings in Vistra Corp. (NYSE:VST)

Quarry LP lessened its stake in Vistra Corp. (NYSE:VST) by 26.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,378 shares of the company’s stock after selling 7,762 shares during the quarter. Vistra makes up about 0.4% of Quarry LP’s portfolio, making the stock its 28th biggest holding. Quarry LP’s holdings in Vistra were worth $2,947,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Morse Asset Management Inc purchased a new stake in shares of Vistra during the third quarter worth about $631,000. Virtu Financial LLC acquired a new position in shares of Vistra during the third quarter valued at approximately $1,466,000. Fulcrum Equity Management raised its holdings in shares of Vistra by 2.8% during the third quarter. Fulcrum Equity Management now owns 13,549 shares of the company’s stock valued at $1,606,000 after acquiring an additional 364 shares during the last quarter. Pine Valley Investments Ltd Liability Co purchased a new position in shares of Vistra in the third quarter valued at approximately $208,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Vistra in the third quarter worth approximately $351,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In other 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 completion of 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director John William Pitesa bought 1,500 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the director now owns 3,467 shares in the company, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company’s stock.

Vistra Price Performance

VST stock opened at $126.70 on Friday. Vistra Corp. has a 52-week low of $66.50 and a 52-week 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 stock has a market cap of $43.10 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The business has a fifty day moving average of $122.87 and a two-hundred day moving average of $140.74.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.71%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra’s payout ratio is 12.62%.

Analyst Upgrades and Downgrades

Several research firms recently commented on VST. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. UBS Group decreased their price target on shares of Vistra from $174.00 to $154.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group started coverage on shares of Vistra in a research note on Friday, April 4th. They set a “neutral” rating and a $134.00 price objective for the company. Evercore ISI assumed coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Finally, Daiwa Capital Markets assumed coverage on Vistra in a research report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vistra currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.17.

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.