Qsemble Capital Management LP Increases Position in Vistra Corp. (NYSE:VST)

Qsemble Capital Management LP boosted its position in Vistra Corp. (NYSE:VST) by 4.3% in the 3rd quarter, Holdings Channel reports. The fund owned 37,628 shares of the company’s stock after purchasing an additional 1,555 shares during the period. Vistra makes up about 0.8% of Qsemble Capital Management LP’s investment portfolio, making the stock its 26th biggest position. Qsemble Capital Management LP’s holdings in Vistra were worth $4,460,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Vistra by 80.0% in the third quarter. Bank of Montreal Can now owns 535,553 shares of the company’s stock valued at $63,045,000 after purchasing an additional 238,097 shares during the period. Vision Capital Corp purchased a new stake in Vistra in the 3rd quarter valued at about $25,960,000. Hancock Whitney Corp increased its stake in shares of Vistra by 214.0% during the 3rd quarter. Hancock Whitney Corp now owns 220,428 shares of the company’s stock valued at $26,130,000 after acquiring an additional 150,233 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Vistra by 335.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,263 shares of the company’s stock worth $387,000 after acquiring an additional 2,513 shares during the period. Finally, DRW Securities LLC acquired a new stake in shares of Vistra in the third quarter worth approximately $4,860,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of NYSE:VST traded down $1.33 on Monday, reaching $160.59. 1,230,612 shares of the company’s stock were exchanged, compared to its average volume of 6,871,776. Vistra Corp. has a fifty-two week low of $34.70 and a fifty-two week high of $168.67. The business’s 50-day moving average is $127.24 and its two-hundred day moving average is $100.11. 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 firm has a market capitalization of $54.64 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 2.08 and a beta of 1.09.

Vistra Increases Dividend

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

Vistra announced that its Board of Directors has authorized a stock buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VST shares. Guggenheim raised their price target on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BNP Paribas initiated coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. UBS Group dropped 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. Royal Bank of Canada raised their price objective on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets increased their target price on Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra has an average rating of “Buy” and an average target price 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.