Vistra Corp. (NYSE:VST) Shares Bought by Convergence Investment Partners LLC

Convergence Investment Partners LLC increased its stake in Vistra Corp. (NYSE:VST - Free Report) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,497 shares of the company's stock after acquiring an additional 3,048 shares during the period. Convergence Investment Partners LLC's holdings in Vistra were worth $1,585,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VST. Massachusetts Financial Services Co. MA lifted its position in Vistra by 51.1% during the third 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. State Street Corp lifted its position in Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after buying an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC lifted its position in Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after buying an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP lifted its position in Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after buying an additional 797,894 shares in the last quarter. Finally, Castle Hook Partners LP lifted its position in Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock valued at $309,422,000 after buying an additional 654,568 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Down 7.8 %

Shares of NYSE:VST traded down $12.67 during midday trading on Friday, reaching $150.51. The company had a trading volume of 9,944,101 shares, compared to its average volume of 8,996,157. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The stock's fifty day moving average price is $160.19 and its 200-day moving average price is $131.92. The stock has a market capitalization of $51.21 billion, a P/E ratio of 28.08, a PEG ratio of 1.16 and a beta of 1.22. Vistra Corp. has a one year low of $46.18 and a one year high of $199.84.

Vistra announced that its board has authorized a stock repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.59%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is 16.60%.

Insider Buying and Selling

In other Vistra news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following 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 position. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Analyst Ratings Changes

VST has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Vistra from $161.00 to $174.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Bank of America initiated coverage on shares of Vistra in a research note on Monday, January 27th. They set a "neutral" rating and a $206.00 price objective on the stock. Evercore ISI initiated coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley lifted their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Vistra presently has a consensus rating of "Moderate Buy" and a consensus target price of $171.64.

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.