Gateway Investment Advisers LLC decreased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 94.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,793 shares of the company's stock after selling 86,629 shares during the period. Gateway Investment Advisers LLC's holdings in Vistra were worth $661,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. State Street Corp lifted its position in 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 in the last quarter. Lone Pine Capital LLC lifted its position in shares of Vistra by 6.6% during the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company's stock worth $587,932,000 after purchasing an additional 425,126 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company's stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the period. Janus Henderson Group PLC grew its holdings in Vistra by 36.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company's stock valued at $448,320,000 after purchasing an additional 1,000,307 shares in the last quarter. Finally, Castle Hook Partners LP increased its stake in 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 buying an additional 654,568 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on VST. BMO Capital Markets raised their target price on Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Guggenheim upped their target price on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group raised their price target on shares of Vistra from $99.00 to $137.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Finally, Morgan Stanley boosted their target price on shares of Vistra from $135.00 to $169.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vistra has a consensus rating of "Buy" and a consensus price target of $151.50.
Check Out Our Latest Stock Report on VST
In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of Vistra stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 20,000 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the sale, the director now directly owns 343,350 shares of the company's stock, valued at approximately $47,990,029.50. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 342,100 shares of company stock valued at $55,087,314 in the last quarter. Corporate insiders own 1.42% of the company's stock.
Shares of NYSE:VST traded down $2.90 during trading on Friday, hitting $171.10. 8,254,135 shares of the company traded hands, compared to its average volume of 4,420,974. The stock has a market capitalization of $58.21 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 1.56 and a beta of 1.21. Vistra Corp. has a one year low of $39.08 and a one year high of $178.40. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The business's fifty day moving average is $151.89 and its 200-day moving average is $116.99.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were issued a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.52%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 20th. Vistra's dividend payout ratio is 16.60%.
Vistra announced 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 repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.
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.
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