Vistra Corp. (NYSE:VST) Shares Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd lifted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 11.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,536 shares of the company's stock after buying an additional 11,923 shares during the quarter. Quadrature Capital Ltd's holdings in Vistra were worth $13,933,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VST. Redwood Wealth Management Group LLC purchased a new position in shares of Vistra during the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vistra during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Vistra during the 3rd quarter valued at $30,000. CVA Family Office LLC lifted its stake in shares of Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after buying an additional 256 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Vistra during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Trading Down 0.8 %

NYSE:VST traded down $1.27 during mid-day trading on Thursday, hitting $160.04. 2,453,761 shares of the stock traded hands, compared to its average volume of 6,818,136. The stock has a market capitalization of $54.45 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.98 and a beta of 1.16. Vistra Corp. has a 52 week low of $36.17 and a 52 week high of $168.67. The firm's 50 day moving average is $136.04 and its two-hundred day moving average is $103.62. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68.

Vistra declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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 given a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.55%. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra's payout ratio is 16.42%.

Insider Transactions at Vistra

In related news, EVP Stephen J. Muscato sold 207,100 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were 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 owns 318,287 shares in the company, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Scott A. Hudson sold 115,000 shares of the business'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 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 disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VST shares. UBS Group reduced their price target on shares of Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd. BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Morgan Stanley lifted their price target on shares of Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $149.10.

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.