UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Vistra Corp. (NYSE:VST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,190,707 shares of the company's stock after purchasing an additional 77,572 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.35% of Vistra worth $141,146,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in Vistra by 115.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock valued at $217,758,000 after purchasing an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Vistra by 1,358.2% during the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company's stock valued at $105,596,000 after purchasing an additional 1,143,918 shares during the period. Marshall Wace LLP raised its stake in Vistra by 315.9% in the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company's stock valued at $101,096,000 after acquiring an additional 893,093 shares during the period. Point72 Asset Management L.P. boosted its holdings in Vistra by 121.1% in the 2nd 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 period. Finally, Rubric Capital Management LP raised its stake in shares of Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after purchasing an additional 797,894 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Transactions at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the transaction, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Down 3.6 %

VST traded down $5.68 on Monday, hitting $154.16. The company had a trading volume of 4,838,515 shares, compared to its average volume of 6,853,751. Vistra Corp. has a 12-month low of $35.99 and a 12-month high of $168.67. The stock has a fifty day moving average price of $133.51 and a 200-day moving average price of $102.37. 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 has a market capitalization of $52.45 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.05 and a beta of 1.09.

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

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.221 per share. This represents a $0.88 annualized dividend and a yield of 0.57%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra's dividend payout ratio (DPR) is 16.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VST shares. Royal Bank of Canada boosted their price objective 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. Guggenheim raised their price target on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Morgan Stanley upped their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. BNP Paribas initiated coverage on shares of Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target for the company. Finally, UBS Group lowered their price objective on shares of Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price 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.