Y Intercept Hong Kong Ltd Acquires New Shares in Vistra Corp. (NYSE:VST)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 37,876 shares of the company’s stock, valued at approximately $5,222,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Union Bancaire Privee UBP SA bought a new stake in shares of Vistra during the fourth quarter valued at about $2,070,000. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in Vistra during the 4th quarter worth approximately $234,000. WESPAC Advisors LLC bought a new stake in Vistra during the 4th quarter worth approximately $746,000. TCW Group Inc. increased its holdings in Vistra by 43.2% during the 4th quarter. TCW Group Inc. now owns 101,749 shares of the company’s stock worth $14,028,000 after acquiring an additional 30,708 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Vistra by 49.6% in the fourth quarter. First Horizon Advisors Inc. now owns 1,131 shares of the company’s stock worth $156,000 after purchasing an additional 375 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Down 7.8 %

Shares of NYSE VST opened at $150.51 on Monday. Vistra Corp. has a one year low of $46.18 and a one year high of $199.84. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The firm’s 50 day simple moving average is $160.19 and its two-hundred day simple moving average is $132.74. The stock has a market capitalization of $51.21 billion, a P/E ratio of 28.08, a PEG ratio of 1.12 and a beta of 1.22.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a $0.2235 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.59%. Vistra’s payout ratio is currently 16.60%.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the topic of several research analyst reports. Evercore ISI began coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. Bank of America assumed coverage on Vistra in a research note on Monday, January 27th. They issued a “neutral” rating and a $206.00 target price on the stock. UBS Group upped their price objective on shares of Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley upped their price objective on shares of 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 upped their price objective on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.64.

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.