Concentric Capital Strategies LP Has $1.33 Million Stock Holdings in Vistra Corp. (NYSE:VST)

Concentric Capital Strategies LP lowered its position in Vistra Corp. (NYSE:VST - Free Report) by 76.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,180 shares of the company's stock after selling 36,029 shares during the quarter. Concentric Capital Strategies LP's holdings in Vistra were worth $1,325,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Vistra by 115.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock worth $217,758,000 after purchasing an additional 1,356,488 shares during the period. Thrivent Financial for Lutherans increased its stake in Vistra by 1,358.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company's stock worth $105,596,000 after purchasing an additional 1,143,918 shares during the period. Marshall Wace LLP grew its stake in Vistra by 315.9% during the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company's stock worth $101,096,000 after purchasing an additional 893,093 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Vistra by 121.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company's stock worth $132,082,000 after purchasing an additional 841,292 shares during the last quarter. Finally, Rubric Capital Management LP raised its holdings in Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock worth $251,898,000 after purchasing an additional 797,894 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares of the company's stock, valued at $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the business's 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 completion of the sale, the executive vice president now owns 318,287 shares of the company's stock, valued at approximately $51,352,424.58. The trade was a 39.42 % 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 Trading Up 1.0 %

Shares of NYSE:VST traded up $1.59 on Tuesday, hitting $155.70. 2,064,621 shares of the company's stock were exchanged, compared to its average volume of 6,835,215. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 12 month low of $35.99 and a 12 month high of $168.67. The business's 50 day simple moving average is $134.36 and its two-hundred day simple moving average is $102.80. The stock has a market capitalization of $52.97 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 2.05 and a beta of 1.16.

Vistra declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a boost 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%. Vistra's payout ratio is 16.42%.

Analyst Ratings Changes

A number of brokerages have commented on VST. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price objective for the company. Jefferies Financial Group increased their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. UBS Group lowered their price target on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Finally, Guggenheim increased their target price on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $149.10.

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.