Vistra Corp. (NYSE:VST) Holdings Lowered by Cinctive Capital Management LP

Cinctive Capital Management LP cut its position in Vistra Corp. (NYSE:VST) by 20.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 377,570 shares of the company’s stock after selling 99,391 shares during the quarter. Vistra makes up 2.4% of Cinctive Capital Management LP’s investment portfolio, making the stock its biggest holding. Cinctive Capital Management LP’s holdings in Vistra were worth $44,757,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new stake in Vistra in the 3rd quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Vistra in the third quarter valued at approximately $30,000. CVA Family Office LLC grew its holdings in Vistra by 1,505.9% during the third quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after acquiring an additional 256 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in Vistra in the third quarter worth $36,000. Finally, Redwood Wealth Management Group LLC acquired a new stake in Vistra in the second quarter valued at $26,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST opened at $159.84 on Monday. The firm has a market cap of $54.38 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 2.05 and a beta of 1.09. 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 50 day moving average is $133.51 and its two-hundred day moving average is $102.37. Vistra Corp. has a 52-week low of $34.89 and a 52-week high of $168.67.

Vistra declared that its board has approved a share repurchase program on Thursday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a dividend of $0.221 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio is 16.42%.

Insider Transactions at Vistra

In other Vistra news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total transaction of $33,413,514.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. UBS Group decreased their target price on Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Guggenheim lifted their price target on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 price objective on the stock. Finally, Jefferies Financial Group lifted their target price 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. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $149.10.

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.