Vistra Corp. (NYSE:VST) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd cut its holdings in Vistra Corp. (NYSE:VST) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,855 shares of the company’s stock after selling 1,162 shares during the period. Vinva Investment Management Ltd’s holdings in Vistra were worth $4,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Vistra by 7.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,190,707 shares of the company’s stock valued at $141,146,000 after buying an additional 77,572 shares in the last quarter. Castle Hook Partners LP raised its stake in Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after buying an additional 654,568 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Vistra by 730.9% in the third quarter. Public Sector Pension Investment Board now owns 460,072 shares of the company’s stock valued at $54,537,000 after buying an additional 404,700 shares in the last quarter. FORA Capital LLC acquired a new stake in Vistra in the third quarter valued at $1,287,000. Finally, MetLife Investment Management LLC raised its stake in Vistra by 1.6% in the third quarter. MetLife Investment Management LLC now owns 105,032 shares of the company’s stock valued at $12,450,000 after buying an additional 1,624 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BNP Paribas assumed coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 price target on the stock. Jefferies Financial Group lifted their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Royal Bank of Canada lifted their target price on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Morgan Stanley lifted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets lifted their target price on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus target price of $149.10.

Vistra Stock Performance

Shares of VST stock opened at $154.52 on Friday. The stock has a market capitalization of $52.57 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Vistra Corp. has a 52-week low of $34.88 and a 52-week high of $168.67. The stock’s 50-day moving average price is $131.23 and its 200 day moving average price is $101.40. 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 Increases Dividend

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

Vistra announced that its Board of Directors has authorized a share buyback 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 shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction that occurred on 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 approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

Vistra 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.