CloudAlpha Capital Management Limited Hong Kong Has $53.08 Million Stock Holdings in Vistra Corp. (NYSE:VST)

CloudAlpha Capital Management Limited Hong Kong grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 2,139.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 447,768 shares of the company's stock after acquiring an additional 427,772 shares during the quarter. Vistra comprises about 3.1% of CloudAlpha Capital Management Limited Hong Kong's investment portfolio, making the stock its 7th largest holding. CloudAlpha Capital Management Limited Hong Kong owned about 0.13% of Vistra worth $53,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in Vistra by 35.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,174 shares of the company's stock valued at $500,000 after acquiring an additional 1,892 shares during the last quarter. SG Americas Securities LLC raised its holdings in Vistra by 64.5% during the 1st quarter. SG Americas Securities LLC now owns 11,377 shares of the company's stock worth $792,000 after buying an additional 4,460 shares during the period. Avantax Advisory Services Inc. acquired a new stake in Vistra during the 1st quarter worth about $702,000. Bleakley Financial Group LLC acquired a new stake in Vistra during the 1st quarter worth about $263,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in Vistra by 4.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 464,860 shares of the company's stock worth $32,377,000 after buying an additional 20,811 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on Vistra from $110.00 to $132.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They set an "outperform" rating and a $231.00 target price for the company. Royal Bank of Canada increased their price objective on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Jefferies Financial Group upped their target price on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Finally, Guggenheim upped their target price on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $145.40.

Vistra Stock Performance

NYSE VST traded down $1.12 on Thursday, reaching $141.00. The stock had a trading volume of 1,952,749 shares, compared to its average volume of 6,919,733. The company has a market cap of $47.97 billion, a P/E ratio of 26.45 and a beta of 1.09. Vistra Corp. has a 1-year low of $34.25 and a 1-year high of $149.80. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.88. The firm has a fifty day moving average of $116.89 and a two-hundred day moving average of $96.49.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a positive change from Vistra's previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a yield of 0.63%. Vistra's dividend payout ratio (DPR) is 16.42%.

Vistra declared that its Board of Directors has initiated a share buyback program 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 programs are usually a sign that the company's board of directors believes its shares are undervalued.

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 states in the United States and the District of Columbia.