Vistra Corp. (NYSE:VST) Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in shares of Vistra Corp. (NYSE:VST) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,730 shares of the company’s stock after acquiring an additional 1,561 shares during the quarter. Metis Global Partners LLC’s holdings in Vistra were worth $3,547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VST. Massachusetts Financial Services Co. MA grew its stake in Vistra by 51.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after acquiring an additional 1,293,974 shares in the last quarter. State Street Corp grew its stake in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Janus Henderson Group PLC grew its stake 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 acquiring an additional 1,000,307 shares in the last quarter. Rubric Capital Management LP grew its stake in Vistra by 60.1% during the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after acquiring an additional 797,894 shares in the last quarter. 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 valued at $309,422,000 after buying an additional 654,568 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Transactions at Vistra

In other news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VST. Bank of America began coverage on Vistra in a report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target for the company. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target for the company. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets lifted their price target on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.64.

Vistra Stock Up 3.0 %

VST opened at $133.85 on Friday. The business has a 50 day moving average price of $160.13 and a 200 day moving average price of $134.44. Vistra Corp. has a twelve month low of $53.02 and a twelve month high of $199.84. 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 market cap of $45.54 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22.

Vistra declared that its Board of Directors has approved a share repurchase program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows 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 shares are undervalued.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.2235 per share. The ex-dividend date of this dividend is Thursday, March 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.67%. Vistra’s payout ratio is 16.60%.

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.