Vistra Corp. (NYSE:VST) Stake Decreased by Fmr LLC

Fmr LLC cut its holdings in shares of Vistra Corp. (NYSE:VST) by 15.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,908,240 shares of the company’s stock after selling 4,053,508 shares during the period. Fmr LLC owned approximately 6.73% of Vistra worth $2,715,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VST. Empire Life Investments Inc. bought a new position in shares of Vistra in the third quarter worth $23,028,000. Terra Nova Asset Management LLC acquired a new stake in Vistra in the third quarter worth about $842,000. Czech National Bank grew its position in Vistra by 12.4% in the 3rd quarter. Czech National Bank now owns 69,987 shares of the company’s stock valued at $8,296,000 after buying an additional 7,747 shares in the last quarter. CIBC Asset Management Inc increased its stake in Vistra by 12.4% during the 3rd quarter. CIBC Asset Management Inc now owns 50,380 shares of the company’s stock valued at $5,972,000 after buying an additional 5,575 shares during the period. Finally, Viking Fund Management LLC bought a new stake in shares of Vistra during the 3rd quarter worth about $1,185,000. 90.88% of the stock is owned by institutional investors.

Vistra Price Performance

NYSE VST opened at $154.14 on Tuesday. Vistra Corp. has a 1 year low of $34.70 and a 1 year high of $168.67. The stock’s 50-day moving average price is $127.24 and its two-hundred day moving average price is $100.11. The company has a market cap of $52.44 billion, a PE ratio of 28.76, a PEG ratio of 2.08 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a $0.221 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is presently 16.42%.

Vistra declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

VST has been the subject of several recent analyst reports. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Guggenheim increased their price target on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. UBS Group decreased 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. Finally, JPMorgan Chase & Co. started 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. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.