Plato Investment Management Ltd Has $95,000 Holdings in Vistra Corp. (NYSE:VST)

Plato Investment Management Ltd lessened its holdings in shares of Vistra Corp. (NYSE:VST) by 65.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 690 shares of the company’s stock after selling 1,294 shares during the period. Plato Investment Management Ltd’s holdings in Vistra were worth $95,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VST. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 acquiring an additional 1,293,974 shares during the period. State Street Corp lifted its holdings in shares of Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares during the period. Rubric Capital Management LP lifted its holdings in shares of Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after acquiring an additional 797,894 shares during the period. Finally, Castle Hook Partners LP lifted its holdings in shares of Vistra by 33.5% during 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 period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Buying and Selling at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total transaction 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. This represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.42% of the company’s stock.

Vistra Trading Up 0.0 %

Shares of NYSE VST opened at $126.99 on Thursday. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52-week low of $57.50 and a 52-week high of $199.84. The firm has a 50 day moving average price of $159.46 and a two-hundred day moving average price of $135.46. The stock has a market cap of $43.20 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.21.

Vistra announced that its board has authorized a stock buyback program on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Vistra Increases Dividend

The firm also recently declared 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. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, March 20th. Vistra’s dividend payout ratio is 12.62%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VST shares. BMO Capital Markets upped their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI initiated coverage on shares of Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $164.00 to $152.00 in a research note on Tuesday. Morgan Stanley increased their price objective on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, UBS Group increased their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and an average target price of $162.83.

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.