Cable Hill Partners LLC Acquires New Stake in Vistra Corp. (NYSE:VST)

Cable Hill Partners LLC acquired a new stake in Vistra Corp. (NYSE:VST) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,250 shares of the company’s stock, valued at approximately $267,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VST. Castle Hook Partners LP boosted its position in Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after acquiring an additional 3,108,511 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after purchasing an additional 1,356,488 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Vistra by 1,358.2% in the second quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after purchasing an additional 1,143,918 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Vistra by 315.9% in the second quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock valued at $101,096,000 after purchasing an additional 893,093 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its position in Vistra by 100.5% during the first quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company’s stock worth $119,798,000 after buying an additional 862,000 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VST shares. Royal Bank of Canada lifted their price target on Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. assumed coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. 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. Finally, Jefferies Financial Group raised their target price on Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $145.40.

Vistra Price Performance

VST opened at $138.51 on Friday. The firm has a market cap of $47.13 billion, a price-to-earnings ratio of 25.84 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 0.88 and a debt-to-equity ratio of 4.68. The stock’s 50-day moving average price is $118.14 and its 200 day moving average price is $96.78. Vistra Corp. has a 12-month low of $34.25 and a 12-month high of $149.80.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.221 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 16.42%.

Vistra declared that its Board of Directors has approved a stock buyback plan 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 plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.