Discovery Capital Management LLC CT Has $53.52 Million Position in Vistra Corp. (NYSE:VST)

Discovery Capital Management LLC CT boosted its position in shares of Vistra Corp. (NYSE:VST) by 5.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 388,200 shares of the company’s stock after buying an additional 21,200 shares during the quarter. Vistra makes up approximately 3.7% of Discovery Capital Management LLC CT’s holdings, making the stock its 7th largest holding. Discovery Capital Management LLC CT’s holdings in Vistra were worth $53,521,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Vistra during the 4th quarter worth approximately $1,172,000. Geode Capital Management LLC raised its position in shares of Vistra by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock valued at $1,174,326,000 after acquiring an additional 219,055 shares during the last quarter. Diametric Capital LP acquired a new position in shares of Vistra in the 4th quarter valued at $229,000. Nemes Rush Group LLC bought a new position in shares of Vistra in the 4th quarter worth $830,000. Finally, HighPoint Advisor Group LLC increased its holdings in Vistra by 16.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 3,692 shares of the company’s stock valued at $509,000 after purchasing an additional 516 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 24,136 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This trade 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 is accessible through this link. Also, Director John William Pitesa purchased 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, with a total value of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at $439,442.25. The trade was a 76.26 % increase in their position. The disclosure for this purchase can be found here. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VST shares. JPMorgan Chase & Co. reduced their target price on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday. BMO Capital Markets boosted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. UBS Group lifted their price target on shares of 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 dropped their price target for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.50.

Vistra Trading Down 1.3 %

Shares of Vistra stock opened at $117.53 on Tuesday. Vistra Corp. has a 1 year low of $64.26 and a 1 year high of $199.84. The company has a market capitalization of $39.98 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.12 and a beta of 1.21. The business has a fifty day simple moving average of $146.31 and a two-hundred day simple moving average of $141.09. 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a dividend of $0.2235 per share. 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 0.76%. Vistra’s payout ratio is presently 12.62%.

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.