Advisors Asset Management Inc. increased its stake in shares of Vistra Corp. (NYSE:VST – Free Report) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,090 shares of the company’s stock after purchasing an additional 405 shares during the quarter. Advisors Asset Management Inc.’s holdings in Vistra were worth $368,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VST. AQR Capital Management LLC boosted its stake in Vistra by 163.9% during the third quarter. AQR Capital Management LLC now owns 1,554,308 shares of the company’s stock worth $51,572,000 after acquiring an additional 965,385 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Vistra in the 3rd quarter worth approximately $3,033,000. Lazard Asset Management LLC grew its holdings in shares of Vistra by 374.3% in the third quarter. Lazard Asset Management LLC now owns 10,235 shares of the company’s stock valued at $339,000 after acquiring an additional 8,077 shares in the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Vistra during the third quarter valued at approximately $913,000. Finally, Hudson Portfolio Management LLC raised its position in Vistra by 31.6% in the third quarter. Hudson Portfolio Management LLC now owns 14,500 shares of the company’s stock worth $481,000 after acquiring an additional 3,480 shares during the period. 91.31% of the stock is currently owned by institutional investors and hedge funds.
Vistra Stock Performance
Shares of NYSE VST opened at $60.20 on Wednesday. The firm’s 50-day moving average price is $45.42 and its 200-day moving average price is $38.24. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 4.26. The company has a market cap of $20.94 billion, a PE ratio of 16.82 and a beta of 1.03. Vistra Corp. has a 52-week low of $22.67 and a 52-week high of $62.12.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, March 19th. This is a boost from Vistra’s previous quarterly dividend of $0.21. Vistra’s dividend payout ratio is 23.74%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on VST shares. BMO Capital Markets boosted their price target on shares of Vistra from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Morgan Stanley upped their price objective on shares of Vistra from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, November 21st.
Read Our Latest Stock Report on VST
Insiders Place Their Bets
In other news, EVP Stephanie Zapata Moore sold 98,020 shares of Vistra stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the sale, the executive vice president now owns 161,888 shares in the company, valued at $9,470,448. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.36% of the stock is owned by company 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 20 states in the United States and the District of Columbia.
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