L & S Advisors Inc Boosts Position in Vistra Corp. (NYSE:VST)

L & S Advisors Inc grew its holdings in Vistra Corp. (NYSE:VST) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,570 shares of the company’s stock after acquiring an additional 9,666 shares during the period. Vistra comprises approximately 1.1% of L & S Advisors Inc’s holdings, making the stock its 22nd biggest holding. L & S Advisors Inc’s holdings in Vistra were worth $9,867,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategy Asset Managers LLC grew its stake in shares of Vistra by 2.1% in the fourth quarter. Strategy Asset Managers LLC now owns 7,949 shares of the company’s stock valued at $1,096,000 after buying an additional 162 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in Vistra in the fourth quarter valued at approximately $28,000. Allstate Corp acquired a new position in shares of Vistra during the fourth quarter worth $1,400,000. DnB Asset Management AS boosted its stake in shares of Vistra by 2.7% in the fourth quarter. DnB Asset Management AS now owns 85,612 shares of the company’s stock valued at $11,803,000 after purchasing an additional 2,282 shares during the period. Finally, Alerus Financial NA purchased a new stake in Vistra during the 4th quarter worth $4,496,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 0.2 %

VST opened at $119.05 on Friday. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The stock has a market cap of $40.49 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.12 and a beta of 1.21. The stock’s 50 day moving average price is $147.39 and its 200 day moving average price is $139.96. 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 0.75%. Vistra’s dividend payout ratio (DPR) is 12.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VST shares. UBS Group upped 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. Daiwa America raised shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price objective on the stock. 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. Finally, Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.50.

Insider Activity

In related news, 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 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 acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s 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 completion of the transaction, the director now 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. 1.42% of the stock is owned by insiders.

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.