Caisse DE Depot ET Placement DU Quebec Sells 830,191 Shares of Vistra Corp. (NYSE:VST)

Caisse DE Depot ET Placement DU Quebec lessened its holdings in Vistra Corp. (NYSE:VST - Free Report) by 90.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,822 shares of the company's stock after selling 830,191 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Vistra were worth $10,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vistra during the 3rd quarter worth approximately $30,000. CVA Family Office LLC lifted its holdings in shares of Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company's stock valued at $32,000 after acquiring an additional 256 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in shares of Vistra in the 3rd quarter valued at $36,000. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra in the 2nd quarter worth about $26,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Vistra in the 3rd quarter worth about $40,000. Institutional investors own 90.88% of the company's stock.

Insider Buying and Selling

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the 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 transaction, the executive vice president now owns 318,287 shares of the company's stock, valued at approximately $51,352,424.58. This represents a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business's stock in a transaction dated Monday, November 25th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an "overweight" rating and a $178.00 price target on the stock. Guggenheim boosted their target price on Vistra from $133.00 to $177.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. BMO Capital Markets raised their price target on Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Jefferies Financial Group boosted 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. Finally, UBS Group lowered their target price on Vistra from $157.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $149.10.

Vistra Trading Up 0.0 %

Vistra stock traded up $0.05 during mid-day trading on Tuesday, hitting $154.16. The stock had a trading volume of 3,888,876 shares, compared to its average volume of 6,843,636. The stock has a market capitalization of $52.45 billion, a PE ratio of 28.82, a P/E/G ratio of 1.98 and a beta of 1.16. Vistra Corp. has a 12 month low of $35.99 and a 12 month high of $168.67. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The stock has a 50-day simple moving average of $134.36 and a two-hundred day simple moving average of $102.80.

Vistra declared that its Board of Directors has authorized a share repurchase program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be given a dividend of $0.221 per share. This is a boost 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 dividend yield of 0.57%. Vistra's payout ratio is currently 16.42%.

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.