RWC Asset Management LLP Takes $19.76 Million Position in Vistra Corp. (NYSE:VST)

RWC Asset Management LLP purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 143,341 shares of the company's stock, valued at approximately $19,762,000.

Several other hedge funds have also recently bought and sold shares of VST. Foundations Investment Advisors LLC purchased a new stake in shares of Vistra in the third quarter worth approximately $216,000. Signaturefd LLC lifted its position in Vistra by 12.6% in the 3rd quarter. Signaturefd LLC now owns 2,604 shares of the company's stock worth $309,000 after buying an additional 292 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Vistra by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 8,366 shares of the company's stock valued at $992,000 after buying an additional 381 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Vistra by 14,657.2% during the 3rd quarter. International Assets Investment Management LLC now owns 420,580 shares of the company's stock valued at $49,856,000 after acquiring an additional 417,730 shares in the last quarter. Finally, Legacy Capital Group California Inc. acquired a new position in shares of Vistra in the third quarter worth $209,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were 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 in the company, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company's stock.

Analyst Ratings Changes

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

Vistra Stock Performance

Shares of NYSE:VST traded down $7.78 during midday trading on Monday, hitting $142.66. The company's stock had a trading volume of 9,844,225 shares, compared to its average volume of 9,021,280. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock's 50 day simple moving average is $160.14 and its 200 day simple moving average is $133.18. The stock has a market capitalization of $48.54 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.12 and a beta of 1.22. Vistra Corp. has a fifty-two week low of $48.22 and a fifty-two week high of $199.84.

Vistra announced that its Board of Directors has approved a share buyback program on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 2.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. This is an increase from Vistra's previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra's payout ratio is currently 16.42%.

About Vistra

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.