Vistra Corp. (NYSE:VST) Shares Sold by JAT Capital Mgmt LP

JAT Capital Mgmt LP cut its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 90.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,897 shares of the company's stock after selling 166,618 shares during the period. JAT Capital Mgmt LP's holdings in Vistra were worth $2,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Eventide Asset Management LLC raised its holdings in shares of Vistra by 37.0% in the third quarter. Eventide Asset Management LLC now owns 676,388 shares of the company's stock worth $80,179,000 after buying an additional 182,585 shares during the period. Verition Fund Management LLC raised its holdings in shares of Vistra by 16.6% in the third quarter. Verition Fund Management LLC now owns 202,166 shares of the company's stock worth $23,965,000 after buying an additional 28,761 shares during the period. Goldentree Asset Management LP bought a new position in Vistra in the third quarter worth approximately $12,256,000. Captrust Financial Advisors grew its stake in Vistra by 2.5% in the third quarter. Captrust Financial Advisors now owns 42,970 shares of the company's stock worth $5,094,000 after purchasing an additional 1,028 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Vistra by 68.5% in the third quarter. Rockefeller Capital Management L.P. now owns 21,474 shares of the company's stock worth $2,545,000 after purchasing an additional 8,727 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 3.4 %

NYSE VST traded up $5.32 during midday trading on Friday, hitting $159.84. 2,475,784 shares of the company traded hands, compared to its average volume of 6,865,085. 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 $54.38 billion, a PE ratio of 29.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Vistra Corp. has a 52 week low of $34.89 and a 52 week high of $168.67. The company's 50-day simple moving average is $133.51 and its 200-day simple moving average is $102.25.

Vistra declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a $0.221 dividend. This is a boost from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.55%. Vistra's dividend payout ratio (DPR) is presently 16.42%.

Insider Transactions at Vistra

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction dated 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 owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated 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 transaction, the executive vice president now owns 254,932 shares of the company's stock, valued at $41,849,637.12. The trade was a 31.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on VST shares. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price objective on the stock. BNP Paribas started coverage on Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 price objective on the stock. Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Morgan Stanley increased their price objective on Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Finally, Guggenheim increased their price objective on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Ten 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.

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.