Vistra Corp. (NYSE:VST) Stake Boosted by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD grew its holdings in shares of Vistra Corp. (NYSE:VST) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,779 shares of the company’s stock after purchasing an additional 2,747 shares during the period. Polymer Capital Management HK LTD’s holdings in Vistra were worth $4,106,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp boosted its position in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Geode Capital Management LLC increased its stake in shares of Vistra by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock valued at $1,174,326,000 after purchasing an additional 219,055 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Vistra by 63.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock worth $863,116,000 after buying an additional 2,433,732 shares in the last quarter. Norges Bank acquired a new stake in Vistra in the 4th quarter valued at approximately $409,087,000. Finally, Appaloosa LP raised its stake in Vistra by 112.5% during the 4th quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after acquiring an additional 1,429,612 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America raised Vistra from a “neutral” rating to a “buy” rating and lowered their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. The Goldman Sachs Group began coverage on shares of Vistra in a research report on Friday. They set a “neutral” rating and a $134.00 price target on the stock. Daiwa America upgraded shares of Vistra to a “hold” rating in a report on Wednesday, March 5th. 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, JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.23.

Insider Activity

In other news, Director John William Pitesa bought 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, for a total transaction of $190,125.00. Following the purchase, the director now owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the sale, the director now owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $97.76 on Friday. The company has a market capitalization of $33.25 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.12 and a beta of 1.21. The company has a 50-day moving average of $140.32 and a 200-day moving average of $141.42. Vistra Corp. has a 52 week low of $64.26 and a 52 week 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.91%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, March 20th. Vistra’s payout ratio is presently 12.62%.

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.