Jacobs Levy Equity Management Inc. Has $248.84 Million Stock Position in Vistra Corp. (NYSE:VST)

Jacobs Levy Equity Management Inc. reduced its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,099,243 shares of the company's stock after selling 116,119 shares during the period. Vistra comprises about 1.0% of Jacobs Levy Equity Management Inc.'s investment portfolio, making the stock its 13th biggest position. Jacobs Levy Equity Management Inc. owned 0.62% of Vistra worth $248,844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC acquired a new stake in shares of Vistra in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra during the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Vistra during the third quarter valued at $30,000. CVA Family Office LLC boosted its holdings in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after acquiring an additional 256 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in Vistra in the second quarter worth about $34,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VST has been the topic of several recent research reports. Royal Bank of Canada raised their target price on shares of Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research note on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price objective on the stock. Morgan Stanley upped their target price on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. UBS Group decreased their price objective on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets increased their target price on Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Vistra currently has a consensus rating of "Buy" and a consensus target price of $149.10.

Vistra Stock Up 0.0 %

Shares of NYSE VST traded up $0.05 during mid-day trading on Tuesday, reaching $154.16. 3,888,876 shares of the company's stock were exchanged, compared to its average volume of 6,843,636. Vistra Corp. has a twelve month low of $35.99 and a twelve month high of $168.67. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $52.45 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.98 and a beta of 1.16. The business has a fifty day simple moving average of $134.36 and a 200 day simple moving average of $102.80.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.221 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.57%. This is a positive change from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is presently 16.42%.

Vistra declared that its board has approved a share buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred on Monday, November 25th. The stock was 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 approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $33,413,514.00. Following the completion of the sale, the executive vice president now owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

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.