Hartree Partners LP Increases Stake in Vistra Corp.

Hartree Partners LP has increased its ownership in Vistra Corp. (NYSE:VST) by 25.0% during the fourth quarter, as stated in their latest Form 13F filing with the Securities and Exchange Commission. Following the acquisition of an additional 28,650 shares, the fund now owns a total of 143,400 shares of Vistra. This addition makes up 7.4% of Hartree Partners LP's entire portfolio, ranking it as their third largest investment. As per their most recent SEC filing, Hartree's holdings in Vistra are valued at approximately $19,771,000.

Institutional Investor Activity

Other institutional investors have also adjusted their stakes in Vistra. Notably, Norges Bank initiated a new investment in the company during the fourth quarter, valued at $409,087,000. Raymond James Financial Inc. also acquired a new position, worth approximately $237,441,000. Additionally, Appaloosa LP significantly boosted its investment by 112.5%, owning now 2,700,000 shares worth $372,249,000 after purchasing an extra 1,429,612 shares. State Street Corp. has increased its holdings by 6.8% during the third quarter, bringing their total to 16,355,255 shares, valued at $1,938,752,000 after gaining 1,037,402 shares. Lastly, Janus Henderson Group PLC added 36.0% to its stake, now owning 3,781,908 shares worth $448,320,000 after buying an additional 1,000,307 shares. Overall, 90.88% of Vistra's stock is held by institutional investors and hedge funds.

Vistra Corporation Stock Performance

On Friday, Vistra shares opened at $119.05. The corporation has seen a 52-week low of $64.26 and a high of $199.84. The 50-day moving average price stands at $147.39, while the 200-day moving average is $140.40. Vistra has a current ratio of 1.11, a quick ratio of 0.99, and a debt-to-equity ratio of 4.68. The company's market capitalization is about $40.49 billion, with a price-to-earnings ratio of 22.21, a PEG ratio of 1.12, and a beta of 1.21.

Dividend Announcement

Recently, Vistra Corp. declared a quarterly dividend that is set to be paid on Monday, March 31st. Shareholders of record on March 20th will receive a dividend of $0.2235 per share. The ex-dividend date is also on March 20th. This dividend represents an annual payout of $0.89 with a yield of 0.75%, marking an increase from the previous dividend of $0.22. Currently, Vistra's dividend payout ratio is at 12.62%.

Analyst Outlook

Vistra has been featured in several research analyses. Daiwa Capital Markets began covering the stock with a 'neutral' rating and a price target of $120.00. Meanwhile, Bank of America upgraded the stock from 'neutral' to 'buy,' adjusting their price target downward from $164.00 to $152.00. Analysts from JPMorgan Chase & Co. decreased their price target from $203.00 to $186.00, maintaining an 'overweight' rating. On the other hand, UBS Group raised their target price from $161.00 to $174.00, assigning a 'buy' rating. The consensus among analysts shows two holding ratings and eleven buying ratings, with an average rating categorized as a 'Moderate Buy' and an average target price of $163.50.

Insider Transactions

In related developments, Director John William Pitesa bought 1,500 shares in a transaction on March 12th at an average price of $126.75, totaling $190,125. Following this acquisition, he now has 3,467 shares valued at $439,442.25. Conversely, Director Paul M. Barbas sold 24,136 shares on March 3rd at an average price of $124.19, generating a total of $2,997,449.84. Post-sale, he retains 51,063 shares worth $6,341,513.97, reflecting a decline of 32.10% in his stock ownership. Corporate insiders cumulatively own 1.42% of Vistra's shares.

Vistra Corporation Overview

Vistra Corp., alongside its subsidiaries, operates as a comprehensive retail electricity and power generation firm. They function through various segments including Retail, Texas, East, West, Sunset, and Asset Closure, providing electricity and natural gas to residential, commercial, and industrial clients across the United States and the District of Columbia.

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