Vistra Corp. (NYSE:VST) Shares Sold by JAT Capital Mgmt LP

JAT Capital Mgmt LP reduced its stake in shares of Vistra Corp. (NYSE:VST) by 90.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,897 shares of the company’s stock after selling 166,618 shares during the period. JAT Capital Mgmt LP’s holdings in Vistra were worth $2,003,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Redwood Wealth Management Group LLC bought a new stake in shares of Vistra during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vistra during the 3rd quarter valued at $30,000. CVA Family Office LLC increased its position in Vistra by 1,505.9% in the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock worth $32,000 after purchasing an additional 256 shares during the last quarter. EdgeRock Capital LLC bought a new position in Vistra during the second quarter valued at approximately $34,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of Vistra in the 3rd quarter valued at $36,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other news, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total transaction 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 represents a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. BNP Paribas began coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. Guggenheim upped 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. UBS Group dropped their price objective on Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group increased their price objective on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $149.10.

Vistra Price Performance

Shares of VST stock opened at $159.84 on Friday. The firm’s 50 day moving average price is $132.47 and its two-hundred day moving average price is $101.77. The stock has a market cap of $54.38 billion, a PE ratio of 29.82, a PEG ratio of 1.98 and a beta of 1.09. Vistra Corp. has a 52-week low of $34.89 and a 52-week high of $168.67. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

Vistra declared that its Board of Directors has approved a stock buyback program on Thursday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Vistra Increases Dividend

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

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.