Vistra Corp. (NYSE:VST) Stake Trimmed by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec trimmed its position in Vistra Corp. (NYSE:VST) by 90.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,822 shares of the company’s stock after selling 830,191 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Vistra were worth $10,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Redwood Wealth Management Group LLC purchased a new stake in shares of Vistra in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the third quarter valued at $30,000. CVA Family Office LLC boosted its position in shares of Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after buying an additional 256 shares during the period. EdgeRock Capital LLC purchased a new position in shares of Vistra during the second quarter valued at $34,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in Vistra during the third quarter valued at $36,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on VST. Guggenheim lifted their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They set an “outperform” rating and a $231.00 price objective on the stock. Royal Bank of Canada increased their target price 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. Morgan Stanley boosted their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. started coverage on Vistra in a report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective for the company. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $149.10.

Vistra Trading Down 3.6 %

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’s fifty day moving average price is $133.51 and its two-hundred day moving average price is $102.37. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company has a market capitalization of $52.45 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.05 and a beta of 1.09.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th will be issued a dividend of $0.221 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. Vistra’s dividend payout ratio is currently 16.42%.

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

Insider Activity at Vistra

In related news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the transaction, the executive vice president now owns 254,932 shares in the company, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the sale, the executive vice president now owns 318,287 shares of the company’s stock, valued at $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 company insiders.

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.