Vistra Corp. (NYSE:VST) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lowered its stake in shares of Vistra Corp. (NYSE:VST) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,623 shares of the company’s stock after selling 292 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Vistra were worth $3,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VST. Massachusetts Financial Services Co. MA grew its position in Vistra by 51.1% during 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 last quarter. State Street Corp grew its holdings in shares of Vistra by 6.8% during the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after buying an additional 1,037,402 shares during the last quarter. Janus Henderson Group PLC grew its holdings 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 buying an additional 1,000,307 shares during the last quarter. Rubric Capital Management LP increased its position in shares of Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after acquiring an additional 797,894 shares during the period. Finally, Castle Hook Partners LP raised its stake in Vistra by 33.5% in the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after acquiring an additional 654,568 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the business’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 value of $2,795,400.00. Following the completion of the sale, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.42% of the company’s stock.

Vistra Price Performance

NYSE:VST opened at $129.87 on Friday. The company has a 50 day moving average price of $160.25 and a 200-day moving average price of $133.67. Vistra Corp. has a 1-year low of $49.74 and a 1-year high of $199.84. The firm has a market cap of $44.18 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. 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 declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits 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 believes its stock is undervalued.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 16.42%.

Analysts Set New Price Targets

Several analysts have weighed in on VST shares. Evercore ISI assumed coverage on Vistra in a research note on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. BMO Capital Markets upped their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group raised their price target 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. Bank of America assumed coverage on shares of Vistra in a research note on Monday, January 27th. They set a “neutral” rating and a $206.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.64.

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.