Entropy Technologies LP Buys 6,353 Shares of Vistra Corp. (NYSE:VST)

Entropy Technologies LP lifted its stake in shares of Vistra Corp. (NYSE:VST) by 18.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 40,578 shares of the company’s stock after acquiring an additional 6,353 shares during the period. Entropy Technologies LP’s holdings in Vistra were worth $4,810,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lone Pine Capital LLC grew its holdings in shares of Vistra by 6.6% during the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after purchasing an additional 425,126 shares during the last quarter. Castle Hook Partners LP grew its holdings in Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after acquiring an additional 3,108,511 shares during the last quarter. TD Asset Management Inc grew its holdings in Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after acquiring an additional 2,910,015 shares during the last quarter. GQG Partners LLC grew its holdings in Vistra by 25.1% during the 1st quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock worth $178,632,000 after acquiring an additional 514,722 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after acquiring an additional 1,356,488 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Vistra Stock Up 2.8 %

Vistra stock opened at $145.87 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12-month low of $34.24 and a 12-month high of $149.80. The firm’s fifty day moving average is $114.25 and its 200 day moving average is $95.68. The company has a market capitalization of $50.12 billion, a PE ratio of 27.21 and a beta of 1.09.

Vistra declared that its board has initiated a share buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is presently 16.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VST shares. BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. Morgan Stanley boosted their target price on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, UBS Group dropped their price target on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the stock 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.