CloudAlpha Capital Management Limited Hong Kong Sells 414,257 Shares of Vistra Corp. (NYSE:VST)

CloudAlpha Capital Management Limited Hong Kong decreased its position in Vistra Corp. (NYSE:VST) by 92.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,511 shares of the company’s stock after selling 414,257 shares during the quarter. Vistra accounts for 0.3% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 21st largest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Vistra were worth $4,620,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Vistra in the 4th quarter worth approximately $237,441,000. Massachusetts Financial Services Co. MA increased its stake in Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after purchasing an additional 1,293,974 shares during the period. State Street Corp increased its stake in Vistra by 6.8% in the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC boosted its position in shares of Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock valued at $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Finally, Rubric Capital Management LP boosted its position in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of several research reports. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Daiwa America upgraded Vistra to a “hold” rating in a research report on Wednesday. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday. They issued a “neutral” rating and a $120.00 target price on the stock. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

Vistra Trading Down 10.2 %

Shares of NYSE:VST opened at $113.94 on Friday. The company has a market cap of $38.77 billion, a P/E ratio of 21.26, a PEG ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. Vistra Corp. has a 1 year low of $57.50 and a 1 year high of $199.84. The stock’s fifty day moving average price is $159.13 and its 200-day moving average price is $135.40.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be given a dividend of $0.2235 per share. This represents a $0.89 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 12.62%.

Vistra announced that its board has approved a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the sale, the director now owns 343,350 shares in the company, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

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.