Entropy Technologies LP Increases Holdings in Vistra Corp. (NYSE:VST)

Entropy Technologies LP grew its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 18.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,578 shares of the company's stock after purchasing an additional 6,353 shares during the period. Entropy Technologies LP's holdings in Vistra were worth $4,810,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Castle Hook Partners LP lifted its stake in Vistra by 470.0% in the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company's stock worth $262,569,000 after acquiring an additional 3,108,511 shares during the period. TD Asset Management Inc grew its position in Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company's stock valued at $204,779,000 after purchasing an additional 2,910,015 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock valued at $217,758,000 after acquiring an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Vistra by 1,358.2% in the 2nd 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 in the last quarter. Finally, Marshall Wace LLP raised its position in Vistra by 315.9% in the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company's stock worth $101,096,000 after buying an additional 893,093 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on VST. JPMorgan Chase & Co. started coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target on the stock. Jefferies Financial Group boosted their price objective on shares of Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Morgan Stanley lifted their target price on Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Guggenheim lifted their target price on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, UBS Group dropped their target price on Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vistra presently has an average rating of "Buy" and a consensus price target of $145.40.

Vistra Stock Down 2.5 %

NYSE:VST traded down $3.65 during midday trading on Tuesday, hitting $142.15. 5,312,207 shares of the company were exchanged, compared to its average volume of 6,956,347. Vistra Corp. has a fifty-two week low of $34.24 and a fifty-two week high of $149.80. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $48.84 billion, a PE ratio of 26.00 and a beta of 1.09. The company has a fifty day simple moving average of $114.25 and a 200 day simple moving average of $95.68.

Vistra announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Vistra Increases Dividend

The business 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. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 annualized dividend and a dividend yield of 0.62%. Vistra's dividend payout ratio (DPR) is 16.42%.

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.