Vistra Corp. (NYSE:VST) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 76.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 11,180 shares of the company’s stock after selling 36,029 shares during the period. Concentric Capital Strategies LP’s holdings in Vistra were worth $1,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ascent Group LLC increased its stake in Vistra by 308.5% in the third quarter. Ascent Group LLC now owns 14,736 shares of the company’s stock valued at $1,747,000 after purchasing an additional 11,129 shares during the last quarter. Avala Global LP acquired a new position in shares of Vistra in the 3rd quarter valued at $38,656,000. Kestra Investment Management LLC grew its position in shares of Vistra by 136.3% in the 3rd quarter. Kestra Investment Management LLC now owns 15,836 shares of the company’s stock valued at $1,877,000 after buying an additional 9,133 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Vistra during the 3rd quarter worth $30,000. Finally, Eventide Asset Management LLC lifted its position in Vistra by 37.0% in the third quarter. Eventide Asset Management LLC now owns 676,388 shares of the company’s stock valued at $80,179,000 after acquiring an additional 182,585 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on VST. Guggenheim raised their price objective on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Royal Bank of Canada increased their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group lifted their target price on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets increased their price target on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra currently has a consensus rating of “Buy” and an average target price of $149.10.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’s 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 transaction, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. This trade represents a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Down 3.6 %

Shares of Vistra stock opened at $154.16 on Tuesday. Vistra Corp. has a one year low of $35.99 and a one year high of $168.67. The company has a market cap of $52.45 billion, a P/E ratio of 28.76, a PEG ratio of 2.05 and a beta of 1.16. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The firm has a fifty day moving average of $133.51 and a two-hundred day moving average of $102.37.

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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a yield of 0.57%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 16.42%.

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

About Vistra

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.