Edgestream Partners L.P. Purchases New Shares in Vistra Corp. (NYSE:VST)

Edgestream Partners L.P. bought a new position in Vistra Corp. (NYSE:VST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,603 shares of the company’s stock, valued at approximately $4,357,000.

Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after acquiring an additional 1,293,974 shares in the last quarter. Janus Henderson Group PLC boosted its holdings 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 acquiring an additional 1,000,307 shares in the last quarter. Castle Hook Partners LP boosted its holdings in Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after acquiring an additional 654,568 shares in the last quarter. Finally, Rubric Capital Management LP raised its stake in shares of Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after purchasing an additional 797,894 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VST has been the subject of several recent analyst reports. Morgan Stanley boosted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets boosted their price target on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group upped their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Bank of America upgraded 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 report on Tuesday. Finally, Evercore ISI started coverage on Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

Vistra Stock Performance

Shares of VST opened at $113.96 on Friday. The stock has a market cap of $38.77 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.12 and a beta of 1.21. 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 business has a 50-day simple moving average of $158.53 and a two-hundred day simple moving average of $135.25. Vistra Corp. has a 52 week low of $57.50 and a 52 week high of $199.84.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.78%. Vistra’s dividend payout ratio is 12.62%.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the transaction, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.42% of the company’s stock.

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.