Vistra Corp. (NYSE:VST) Position Reduced by Atika Capital Management LLC

Atika Capital Management LLC reduced its position in Vistra Corp. (NYSE:VST) by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,500 shares of the company’s stock after selling 36,500 shares during the period. Vistra comprises approximately 1.1% of Atika Capital Management LLC’s holdings, making the stock its 26th largest position. Atika Capital Management LLC’s holdings in Vistra were worth $10,133,000 at the end of the most recent reporting period.

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

Vistra Price Performance

Shares of NYSE:VST opened at $97.76 on Friday. 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 moving average price of $140.32 and a 200 day moving average price of $141.42. The company has a market cap of $33.25 billion, a price-to-earnings ratio of 18.24, a PEG 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.

Vistra Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Evercore ISI initiated coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective for the company. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Daiwa Capital Markets assumed coverage on Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target for the company. UBS Group raised their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.23.

Insider Buying and Selling

In other news, Director Paul M. Barbas sold 24,136 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, 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 position. 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 Vistra stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is currently owned by insiders.

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.