Central Asset Investments & Management Holdings HK Ltd Sells 4,900 Shares of Vistra Corp. (NYSE:VST)

Central Asset Investments & Management Holdings HK Ltd trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 71.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,000 shares of the company’s stock after selling 4,900 shares during the period. Central Asset Investments & Management Holdings HK Ltd’s holdings in Vistra were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lone Pine Capital LLC raised its holdings in shares of Vistra by 6.6% in the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after buying an additional 425,126 shares during the last quarter. Castle Hook Partners LP raised its stake in Vistra by 470.0% in 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. GQG Partners LLC lifted its position 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 period. Massachusetts Financial Services Co. MA lifted its position 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 period. Finally, Maple Rock Capital Partners Inc. grew its stake in Vistra by 100.5% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company’s stock valued at $119,798,000 after purchasing an additional 862,000 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Up 2.7 %

VST opened at $142.23 on Friday. The firm has a market capitalization of $48.39 billion, a price-to-earnings ratio of 26.54 and a beta of 1.09. The company’s 50 day simple moving average is $119.52 and its two-hundred day simple moving average is $97.23. Vistra Corp. has a 1-year low of $34.25 and a 1-year high of $149.80. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.88.

Vistra declared that its Board of Directors has approved a share repurchase program on Thursday, November 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on VST. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective for the company. Morgan Stanley raised 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. Jefferies Financial Group upped their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Guggenheim boosted their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets raised their target price on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average 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.