Strategy Asset Managers LLC Takes Position in Vistra Corp. (NYSE:VST)

Strategy Asset Managers LLC bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,787 shares of the company's stock, valued at approximately $923,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of VST. Massachusetts Financial Services Co. MA increased its stake in shares of Vistra by 115.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock worth $217,758,000 after acquiring an additional 1,356,488 shares during the period. Thrivent Financial for Lutherans grew its position in Vistra by 1,358.2% during 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 during the period. Marshall Wace LLP raised its stake in shares of Vistra by 315.9% during the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company's stock valued at $101,096,000 after buying an additional 893,093 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in shares of Vistra by 100.5% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company's stock valued at $119,798,000 after buying an additional 862,000 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Vistra by 121.1% in the second quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company's stock worth $132,082,000 after buying an additional 841,292 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

NYSE:VST traded down $1.00 during trading hours on Wednesday, hitting $153.86. 2,673,482 shares of the stock were exchanged, compared to its average volume of 6,883,998. The company has a market cap of $52.35 billion, a P/E ratio of 28.52 and a beta of 1.09. The firm's fifty day moving average price is $122.52 and its 200 day moving average price is $98.51. Vistra Corp. has a 52-week low of $34.25 and a 52-week high of $157.72. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

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

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

Analyst Ratings Changes

VST has been the subject of a number of analyst reports. UBS Group decreased their price target on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, October 22nd. 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 target price for the company. BNP Paribas assumed coverage on shares of Vistra in a research report on Monday, October 14th. They set an "outperform" rating and a $231.00 price target on the stock. Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, September 23rd. Finally, Guggenheim raised 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. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has a consensus rating of "Buy" and an average price target of $145.40.

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.