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

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

Several other institutional investors have also bought and sold shares of VST. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vistra in the 3rd quarter valued at $222,000. The Manufacturers Life Insurance Company lifted its holdings in Vistra by 3.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 228,569 shares of the company’s stock valued at $27,095,000 after purchasing an additional 8,647 shares during the last quarter. Townsquare Capital LLC boosted its position in Vistra by 12.9% in the third quarter. Townsquare Capital LLC now owns 4,838 shares of the company’s stock valued at $573,000 after buying an additional 554 shares in the last quarter. Freedom Investment Management Inc. grew its stake in Vistra by 13.8% during the third quarter. Freedom Investment Management Inc. now owns 4,376 shares of the company’s stock worth $519,000 after buying an additional 530 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in shares of Vistra by 49.2% during the third quarter. Glenmede Trust Co. NA now owns 17,560 shares of the company’s stock worth $2,082,000 after buying an additional 5,788 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent analyst reports. Daiwa Capital Markets initiated coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday. UBS Group lifted their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Bank of America raised Vistra from a “neutral” rating to a “buy” rating and cut their price target for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.50.

Vistra Trading Down 0.2 %

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.75%. Vistra’s payout ratio is currently 12.62%.

Insider Buying and Selling at Vistra

In other Vistra news, Director Paul M. Barbas sold 24,136 shares of Vistra 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 transaction, the director now owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. The trade was a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John William Pitesa acquired 1,500 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the transaction, 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 disclosure for this purchase can be found here. Insiders own 1.42% of the company’s stock.

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.