AGF Management Ltd. Sells 24,003 Shares of Vistra Corp. (NYSE:VST)

AGF Management Ltd. cut its position in Vistra Corp. (NYSE:VST) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 510,696 shares of the company’s stock after selling 24,003 shares during the period. AGF Management Ltd.’s holdings in Vistra were worth $70,410,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its holdings in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock worth $1,938,752,000 after acquiring an additional 1,037,402 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Vistra by 51.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after acquiring an additional 1,293,974 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Vistra by 36.0% in the 3rd quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after acquiring an additional 1,000,307 shares in the last quarter. Castle Hook Partners LP grew its stake in shares of Vistra by 33.5% in the 3rd quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after acquiring an additional 654,568 shares in the last quarter. Finally, Rubric Capital Management LP grew its stake in shares of Vistra by 60.1% in the 3rd quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock worth $251,898,000 after acquiring an additional 797,894 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 5.5 %

Vistra stock opened at $108.03 on Tuesday. The company has a 50 day moving average price of $158.02 and a 200 day moving average price of $136.25. The firm has a market capitalization of $36.62 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 52 week low of $57.50 and a 52 week 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.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 12.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VST shares. Daiwa America upgraded shares of Vistra to a “hold” rating in a research report on Wednesday, March 5th. Evercore ISI assumed coverage on shares of Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 target price on the stock. Daiwa Capital Markets assumed coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price target on the stock. Bank of America upgraded shares of Vistra from a “neutral” rating to a “buy” rating and cut their price target for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. Finally, BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.83.

Vistra Company 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.