Maple Rock Capital Partners Inc. Has $157.86 Million Holdings in Vistra Corp. (NYSE:VST)

Maple Rock Capital Partners Inc. lifted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,331,714 shares of the company's stock after buying an additional 150,414 shares during the period. Vistra makes up approximately 4.5% of Maple Rock Capital Partners Inc.'s holdings, making the stock its 2nd largest position. Maple Rock Capital Partners Inc. owned approximately 0.39% of Vistra worth $157,861,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in Vistra by 588.5% in the 1st quarter. Cetera Investment Advisers now owns 91,586 shares of the company's stock valued at $6,379,000 after purchasing an additional 78,283 shares in the last quarter. Cetera Advisors LLC increased its position in Vistra by 63.7% during the 1st quarter. Cetera Advisors LLC now owns 25,177 shares of the company's stock worth $1,754,000 after purchasing an additional 9,801 shares during the period. DekaBank Deutsche Girozentrale increased its position in Vistra by 7.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,556 shares of the company's stock worth $1,233,000 after purchasing an additional 1,342 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Vistra by 141.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 975 shares of the company's stock worth $74,000 after acquiring an additional 572 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Vistra by 45.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,070 shares of the company's stock valued at $264,000 after buying an additional 962 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VST. UBS Group dropped their price objective 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. began coverage on Vistra in a report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target for the company. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Guggenheim increased their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, BNP Paribas began 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. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $149.10.

Vistra Price Performance

Vistra stock traded up $7.15 during mid-day trading on Wednesday, hitting $161.31. The company's stock had a trading volume of 5,265,850 shares, compared to its average volume of 6,836,936. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market capitalization of $54.88 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.98 and a beta of 1.16. Vistra Corp. has a twelve month low of $36.17 and a twelve month high of $168.67. The stock's fifty day moving average price is $135.20 and its two-hundred day moving average price is $103.22.

Vistra declared that its Board of Directors has initiated a share buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are typically 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 Tuesday, December 31st. Shareholders of record on Friday, December 20th will be given a $0.221 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.55%. Vistra's payout ratio is 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.