Pictet Asset Management Holding SA Boosts Stock Holdings in Vistra Corp. (NYSE:VST)

Pictet Asset Management Holding SA boosted its stake in Vistra Corp. (NYSE:VST) by 61.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,346,450 shares of the company’s stock after purchasing an additional 510,465 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vistra were worth $185,635,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Kingsview Wealth Management LLC lifted its position in shares of Vistra by 12.2% in the third quarter. Kingsview Wealth Management LLC now owns 3,490 shares of the company’s stock worth $414,000 after buying an additional 379 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Vistra in the 3rd quarter worth approximately $222,000. The Manufacturers Life Insurance Company raised its holdings in shares of Vistra by 3.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 228,569 shares of the company’s stock worth $27,095,000 after acquiring an additional 8,647 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Vistra during the 3rd quarter worth approximately $95,000. Finally, Townsquare Capital LLC boosted its position in shares of Vistra by 12.9% during the 3rd quarter. Townsquare Capital LLC now owns 4,838 shares of the company’s stock valued at $573,000 after acquiring an additional 554 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In related news, Director John William Pitesa acquired 1,500 shares of the stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, with a total value of $190,125.00. Following the transaction, the director now directly owns 3,467 shares in the company, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul M. Barbas sold 24,136 shares of the firm’s 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 directly 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 disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of several research reports. Evercore ISI assumed coverage on shares of Vistra in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. UBS Group boosted their target price on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. BMO Capital Markets increased their price target on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Daiwa Capital Markets initiated 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. Finally, Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $163.50.

Vistra Price Performance

Shares of VST stock opened at $119.05 on Friday. The stock has a 50 day moving average price of $147.39 and a 200 day moving average price of $139.96. The firm has a market capitalization 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 company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52-week low of $64.26 and a 52-week high of $199.84.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, March 20th. Vistra’s payout ratio is currently 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.