Level Four Advisory Services LLC Cuts Position in Vistra Corp. (NYSE:VST)

Level Four Advisory Services LLC lowered its stake in shares of Vistra Corp. (NYSE:VST) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,547 shares of the company’s stock after selling 1,281 shares during the period. Level Four Advisory Services LLC’s holdings in Vistra were worth $903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Vistra during the 4th quarter worth approximately $409,087,000. Raymond James Financial Inc. acquired a new stake in Vistra in the fourth quarter valued at $237,441,000. Appaloosa LP grew its holdings in Vistra by 112.5% in the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after purchasing an additional 1,429,612 shares during the last quarter. State Street Corp increased its position in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after buying an additional 1,037,402 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after buying an additional 1,000,307 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 0.2 %

Shares of VST stock opened at $119.05 on Monday. The firm has a market cap of $40.49 billion, a P/E ratio of 22.21, a PEG ratio of 1.12 and a beta of 1.21. The firm’s 50-day simple moving average is $147.39 and its 200-day simple moving average is $140.83. Vistra Corp. has a 1-year low of $64.26 and a 1-year 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.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a $0.2235 dividend. This is a positive change 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 is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is 12.62%.

Insider Activity

In other news, Director Paul M. Barbas sold 24,136 shares of the company’s stock in a transaction 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 directly owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VST. BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday. 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. Finally, Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and a consensus price target of $163.50.

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.