CloudAlpha Capital Management Limited Hong Kong Grows Stake in Vistra Corp. (NYSE:VST)

CloudAlpha Capital Management Limited Hong Kong boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 2,139.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 447,768 shares of the company’s stock after buying an additional 427,772 shares during the quarter. Vistra makes up approximately 3.1% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 7th biggest holding. CloudAlpha Capital Management Limited Hong Kong owned about 0.13% of Vistra worth $53,078,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VST. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vistra in the third quarter worth $30,000. CVA Family Office LLC raised its stake in Vistra by 1,505.9% in the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying an additional 256 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new stake in Vistra in the second quarter worth about $26,000. ORG Wealth Partners LLC purchased a new stake in shares of Vistra during the third quarter worth about $40,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Vistra by 125.0% during the third quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VST. UBS Group dropped their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. started coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. BMO Capital Markets boosted their price target on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Morgan Stanley raised their price objective on Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, 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. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $145.40.

Vistra Trading Down 0.0 %

Shares of NYSE:VST opened at $142.09 on Thursday. The company has a market capitalization of $48.34 billion, a PE ratio of 26.51 and a beta of 1.09. Vistra Corp. has a 12-month low of $34.25 and a 12-month high of $149.80. The business has a 50 day moving average of $116.89 and a two-hundred day moving average of $96.49. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a dividend of $0.221 per share. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. Vistra’s dividend payout ratio is 16.42%.

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

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.