18,382 Shares in Vistra Corp. (NYSE:VST) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new stake in Vistra Corp. (NYSE:VST - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,382 shares of the company's stock, valued at approximately $2,179,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VST. State Street Corp lifted its stake in Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company's stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the last quarter. Lone Pine Capital LLC lifted its position in shares of Vistra by 6.6% during the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company's stock valued at $587,932,000 after buying an additional 425,126 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock worth $453,609,000 after acquiring an additional 1,293,974 shares during the period. Janus Henderson Group PLC increased its holdings in Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the last quarter. Finally, Castle Hook Partners LP increased its holdings in Vistra by 33.5% in the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company's stock worth $309,422,000 after acquiring an additional 654,568 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

Shares of VST traded down $0.19 during trading hours on Friday, reaching $144.89. 4,016,382 shares of the company's stock traded hands, compared to its average volume of 6,782,373. 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's 50 day simple moving average is $139.60 and its 200-day simple moving average is $106.15. The stock has a market cap of $49.30 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. Vistra Corp. has a 12 month low of $37.38 and a 12 month high of $168.67.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.221 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. Vistra's dividend payout ratio is presently 16.42%.

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

Analysts Set New Price Targets

Several research firms recently commented on VST. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price objective for the company. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Jefferies Financial Group boosted their price objective on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. UBS Group cut their target price 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 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. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $149.10.

Insider Activity

In other news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares of the company's stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 342,100 shares of company stock worth $55,087,314. 1.42% of the stock is currently owned by corporate insiders.

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.