Goldentree Asset Management LP Makes New $12.26 Million Investment in Vistra Corp. (NYSE:VST)

Goldentree Asset Management LP acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 103,664 shares of the company's stock, valued at approximately $12,256,000. Vistra makes up approximately 1.0% of Goldentree Asset Management LP's holdings, making the stock its 26th largest position.

Other hedge funds have also recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new position in shares of Vistra during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vistra in the third quarter valued at about $30,000. CVA Family Office LLC raised its stake in Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock worth $32,000 after acquiring an additional 256 shares in the last quarter. EdgeRock Capital LLC bought a new position in shares of Vistra in the second quarter worth about $34,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of Vistra in the 3rd quarter valued at approximately $36,000. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 318,287 shares of the company's stock, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company's stock.

Vistra Stock Up 3.4 %

Shares of VST stock traded up $5.32 during trading hours on Friday, reaching $159.84. The company had a trading volume of 2,475,784 shares, compared to its average volume of 6,865,085. The business has a fifty day simple moving average of $132.47 and a 200-day simple moving average of $101.77. Vistra Corp. has a 12 month low of $34.89 and a 12 month high of $168.67. The company has a market cap of $54.38 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. 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 declared that its Board of Directors has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra's payout ratio is currently 16.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. initiated 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. BMO Capital Markets upped their price target on Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 price objective on the stock. Jefferies Financial Group increased their target price 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. Finally, UBS Group lowered their price target on shares of Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $149.10.

Vistra 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.