Vistra Corp. (NYSE:VST) Stock Holdings Boosted by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong grew its holdings in Vistra Corp. (NYSE:VST) by 2,139.3% in the third quarter, Holdings Channel reports. The institutional investor owned 447,768 shares of the company’s stock after acquiring an additional 427,772 shares during the quarter. Vistra accounts for 3.1% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 7th largest holding. CloudAlpha Capital Management Limited Hong Kong’s holdings in Vistra were worth $53,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Plato Investment Management Ltd purchased a new stake in shares of Vistra during the third quarter worth about $235,000. Cable Hill Partners LLC purchased a new stake in Vistra during the 3rd quarter worth approximately $267,000. Oppenheimer & Co. Inc. raised its position in shares of Vistra by 26.1% in the third quarter. Oppenheimer & Co. Inc. now owns 72,383 shares of the company’s stock valued at $8,580,000 after buying an additional 14,964 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Vistra by 41.1% in the third quarter. Victory Capital Management Inc. now owns 893,952 shares of the company’s stock worth $105,969,000 after buying an additional 260,208 shares in the last quarter. Finally, Aigen Investment Management LP boosted its position in Vistra by 6.8% during the third quarter. Aigen Investment Management LP now owns 26,329 shares of the company’s stock worth $3,121,000 after acquiring an additional 1,670 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Trading Down 0.0 %

NYSE:VST opened at $142.09 on Thursday. Vistra Corp. has a 12-month low of $34.25 and a 12-month high of $149.80. The firm has a market cap of $48.34 billion, a PE ratio of 26.51 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68. The stock has a fifty day moving average price of $116.89 and a 200 day moving average price of $96.49.

Vistra declared that its board has approved a stock repurchase program 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 programs are often a sign that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.62%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio is presently 16.42%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group decreased their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price objective on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Guggenheim raised their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley upped their price objective on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group lifted their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $145.40.

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.