Campbell Capital Management Inc. Acquires 7,001 Shares of Vistra Corp. (NYSE:VST)

Campbell Capital Management Inc. increased its holdings in Vistra Corp. (NYSE:VST) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,603 shares of the company’s stock after acquiring an additional 7,001 shares during the quarter. Vistra makes up 3.9% of Campbell Capital Management Inc.’s portfolio, making the stock its 7th biggest position. Campbell Capital Management Inc.’s holdings in Vistra were worth $9,872,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. State Street Corp lifted its stake 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 worth $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after buying an additional 1,293,974 shares in the last quarter. Janus Henderson Group PLC raised its stake in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after buying an additional 1,000,307 shares in the last quarter. Appaloosa LP raised its stake in Vistra by 112.5% during the fourth quarter. Appaloosa LP now owns 2,700,000 shares of the company’s stock valued at $372,249,000 after buying an additional 1,429,612 shares in the last quarter. Finally, Castle Hook Partners LP raised its stake in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling

In other Vistra news, Director John William Pitesa acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the 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 transaction, the director now directly 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 disclosure for this sale can be found here. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VST. Daiwa Capital Markets began coverage on Vistra in a research note on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price objective on the stock. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday, March 5th. UBS Group upped their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and cut their price objective for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Finally, Morgan Stanley upped their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $162.83.

Vistra Stock Up 5.4 %

NYSE:VST opened at $124.42 on Friday. Vistra Corp. has a 52 week low of $60.73 and a 52 week high of $199.84. The firm has a market capitalization of $42.32 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21. The stock has a 50 day moving average of $155.96 and a 200-day moving average of $136.40. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be issued a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 0.72%. 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. Vistra’s dividend payout ratio is 12.62%.

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.