Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 81.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,696 shares of the company's stock after selling 55,340 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Vistra were worth $1,505,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of VST. Massachusetts Financial Services Co. MA lifted its position in Vistra by 115.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company's stock valued at $217,758,000 after acquiring an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Vistra by 1,358.2% in 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 in the last quarter. Marshall Wace LLP boosted its position in shares of Vistra by 315.9% during the second 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. Point72 Asset Management L.P. grew its holdings in Vistra by 121.1% during 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 in the last quarter. Finally, Rubric Capital Management LP raised its position in Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company's stock valued at $251,898,000 after buying an additional 797,894 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.
Vistra Stock Performance
Shares of NYSE:VST traded down $5.68 during trading on Monday, hitting $154.16. 4,838,515 shares of the company were exchanged, compared to its average volume of 6,853,751. Vistra Corp. has a 52-week low of $35.99 and a 52-week high of $168.67. The stock has a 50 day moving average of $133.51 and a 200 day moving average of $102.37. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market cap of $52.45 billion, a PE ratio of 29.19, a P/E/G ratio of 2.05 and a beta of 1.09.
Vistra Increases Dividend
The business also recently announced 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 annualized dividend and a yield of 0.57%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's dividend payout ratio (DPR) is currently 16.42%.
Vistra declared that its Board of Directors has approved a share buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on VST shares. BMO Capital Markets upped their target price 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. Royal Bank of Canada increased 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. Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Jefferies Financial Group increased their price target on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. began coverage on Vistra in a report on Thursday, October 17th. They set an "overweight" rating and a $178.00 price target on the stock. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $149.10.
View Our Latest Research Report on Vistra
Insider Buying and Selling at Vistra
In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares of the company's stock, valued at $51,352,424.58. This trade represents a 39.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Scott A. Hudson sold 115,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the transaction, the executive vice president now owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.
About Vistra
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Free Report)
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.
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