Vistra Corp. (NYSE:VST) Shares Sold by Versor Investments LP

Versor Investments LP reduced its holdings in Vistra Corp. (NYSE:VST - Free Report) by 74.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,406 shares of the company's stock after selling 16,150 shares during the period. Versor Investments LP's holdings in Vistra were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lone Pine Capital LLC increased its stake in Vistra by 6.6% during the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company's stock worth $587,932,000 after acquiring an additional 425,126 shares during the last quarter. Castle Hook Partners LP increased its position in shares of Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company's stock worth $262,569,000 after purchasing an additional 3,108,511 shares during the last quarter. GQG Partners LLC raised its holdings in Vistra by 25.1% in the 1st quarter. GQG Partners LLC now owns 2,564,705 shares of the company's stock valued at $178,632,000 after buying an additional 514,722 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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 buying an additional 1,356,488 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. boosted its stake in Vistra by 100.5% during the first quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company's stock worth $119,798,000 after buying an additional 862,000 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VST shares. JPMorgan Chase & Co. began coverage on Vistra in a research note on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target on the stock. Jefferies Financial Group raised their target price on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. BMO Capital Markets boosted their price target on shares of Vistra from $146.00 to $147.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Guggenheim raised their price objective on shares of Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, BNP Paribas assumed coverage on shares of Vistra in a research note on Monday, October 14th. They set an "outperform" rating and a $231.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $145.40.

Vistra Stock Down 2.5 %

Shares of NYSE:VST traded down $3.61 during trading on Thursday, hitting $138.51. 3,223,960 shares of the company were exchanged, compared to its average volume of 6,925,462. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.88. The firm's 50 day moving average price is $118.14 and its 200-day moving average price is $96.78. The stock has a market capitalization of $47.12 billion, a P/E ratio of 25.84 and a beta of 1.09. Vistra Corp. has a 12-month low of $34.25 and a 12-month high of $149.80.

Vistra Increases Dividend

The business also recently disclosed 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. This represents a $0.88 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio is currently 16.42%.

Vistra announced that its Board of Directors has authorized a share buyback plan 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 plans are usually an indication that the company's management believes its shares are undervalued.

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.