Headlands Technologies LLC Makes New Investment in Vistra Corp. (NYSE:VST)

Headlands Technologies LLC purchased a new stake in Vistra Corp. (NYSE:VST) in the fourth quarter, Holdings Channel.com reports. The fund purchased 8,504 shares of the company’s stock, valued at approximately $1,172,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Lionsbridge Wealth Management LLC acquired a new stake in shares of Vistra during the 4th quarter valued at approximately $277,000. Dakota Wealth Management purchased a new stake in Vistra during the fourth quarter worth $231,000. Retirement Systems of Alabama boosted its position in Vistra by 9.6% during the third quarter. Retirement Systems of Alabama now owns 78,965 shares of the company’s stock worth $9,361,000 after purchasing an additional 6,920 shares in the last quarter. First Sabrepoint Capital Management LP acquired a new stake in Vistra in the third quarter valued at $17,781,000. Finally, Legal Advantage Investments Inc. purchased a new position in shares of Vistra in the fourth quarter valued at $565,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director John William Pitesa purchased 1,500 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the purchase, the director now directly owns 3,467 shares of the company’s stock, valued at $439,442.25. The trade was a 76.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction dated 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 completion of the transaction, the director now directly owns 51,063 shares in the company, valued at $6,341,513.97. This represents 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 currently owned by insiders.

Vistra Stock Up 3.9 %

VST opened at $122.01 on Wednesday. Vistra Corp. has a 12 month low of $64.26 and a 12 month high of $199.84. The business has a 50-day moving average of $145.05 and a two-hundred day moving average of $141.35. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The stock has a market capitalization of $41.50 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a dividend of $0.2235 per share. This is a positive change 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 yield of 0.73%. Vistra’s dividend payout ratio is 12.62%.

Wall Street Analysts Forecast Growth

VST has been the topic of several recent research reports. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets upped 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. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $164.00 to $152.00 in a research note on Tuesday, March 4th. UBS Group upped their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They set a “neutral” rating and a $120.00 price target for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and a consensus price target of $163.50.

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.