Castle Hook Partners LP lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 33.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,610,273 shares of the company's stock after purchasing an additional 654,568 shares during the period. Vistra accounts for 5.8% of Castle Hook Partners LP's investment portfolio, making the stock its 3rd biggest holding. Castle Hook Partners LP owned approximately 0.77% of Vistra worth $309,422,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Lone Pine Capital LLC boosted its position in Vistra by 6.6% during the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company's stock worth $587,932,000 after purchasing an additional 425,126 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after buying an additional 1,293,974 shares in the last quarter. Rubric Capital Management LP boosted its holdings in Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock worth $251,898,000 after buying an additional 797,894 shares during the period. Thrivent Financial for Lutherans grew its stake in Vistra by 43.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,755,723 shares of the company's stock valued at $208,122,000 after buying an additional 527,579 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Vistra by 121.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company's stock valued at $132,082,000 after buying an additional 841,292 shares in the last quarter. Institutional investors own 90.88% of the company's stock.
Vistra Price Performance
VST traded down $8.14 on Thursday, reaching $154.52. The company had a trading volume of 4,819,867 shares, compared to its average volume of 6,884,115. 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 $34.88 and a 52-week high of $168.67. The company has a market cap of $52.57 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.98 and a beta of 1.09. The business has a 50 day simple moving average of $131.23 and a 200 day simple moving average of $101.40.
Vistra announced that its Board of Directors has authorized a stock repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, December 20th. Vistra's payout ratio is currently 16.42%.
Insider Activity at Vistra
In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company's stock, valued at approximately $41,849,637.12. The trade was a 31.09 % 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.
Analyst Ratings Changes
A number of research firms have recently commented on VST. Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 target price for the company. Guggenheim increased their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, UBS Group cut their price objective on shares of Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, October 22nd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $149.10.
View Our Latest Report on Vistra
About Vistra
(
Free Report)
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.
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