Vistra Corp. (NYSE:VST) Stock Holdings Cut by JAT Capital Mgmt LP

JAT Capital Mgmt LP reduced its position in shares of Vistra Corp. (NYSE:VST) by 90.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,897 shares of the company’s stock after selling 166,618 shares during the quarter. JAT Capital Mgmt LP’s holdings in Vistra were worth $2,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Atria Investments Inc bought a new position in shares of Vistra in the first quarter valued at about $1,675,000. Cetera Investment Advisers raised its holdings in Vistra by 588.5% in the 1st quarter. Cetera Investment Advisers now owns 91,586 shares of the company’s stock valued at $6,379,000 after acquiring an additional 78,283 shares in the last quarter. Cetera Advisors LLC boosted its stake in Vistra by 63.7% in the first quarter. Cetera Advisors LLC now owns 25,177 shares of the company’s stock valued at $1,754,000 after buying an additional 9,801 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Vistra by 7.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 18,556 shares of the company’s stock valued at $1,233,000 after purchasing an additional 1,342 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Vistra by 141.9% in the first quarter. EverSource Wealth Advisors LLC now owns 975 shares of the company’s stock valued at $74,000 after acquiring an additional 572 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Up 3.4 %

Shares of NYSE:VST opened at $159.84 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. The company has a market capitalization of $54.38 billion, a PE ratio of 29.82, a P/E/G ratio of 1.98 and a beta of 1.09. The firm has a 50 day simple moving average of $132.47 and a 200-day simple moving average of $101.77. Vistra Corp. has a twelve month low of $34.89 and a twelve month high of $168.67.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is 16.42%.

Vistra declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. UBS Group decreased their price target on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. BMO Capital Markets boosted their target price on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Guggenheim raised their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $149.10.

Insider Transactions at Vistra

In other news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the completion of the transaction, the executive vice president now owns 318,287 shares of the company’s stock, valued at $51,352,424.58. The trade was a 39.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

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.