Vistra Corp. (NYSE:VST) Shares Bought by Third Point LLC

Third Point LLC increased its position in Vistra Corp. (NYSE:VSTFree Report) by 8.6% in the 3rd quarter, Holdings Channel reports. The firm owned 3,604,252 shares of the company’s stock after buying an additional 285,652 shares during the period. Vistra makes up 1.8% of Third Point LLC’s holdings, making the stock its 18th biggest holding. Third Point LLC’s holdings in Vistra were worth $119,589,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in Vistra during the 3rd quarter worth approximately $26,000. Fifth Third Bancorp acquired a new stake in shares of Vistra during the third quarter worth $29,000. Quarry LP purchased a new position in Vistra in the 2nd quarter valued at $29,000. IFP Advisors Inc increased its stake in Vistra by 311.1% in the 2nd quarter. IFP Advisors Inc now owns 2,257 shares of the company’s stock valued at $32,000 after buying an additional 1,708 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in Vistra during the 1st quarter worth $32,000. 91.31% of the stock is owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of NYSE:VST traded up $1.21 on Thursday, reaching $54.23. 4,665,632 shares of the company were exchanged, compared to its average volume of 3,778,064. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 3.34. Vistra Corp. has a 1-year low of $21.18 and a 1-year high of $55.98. The firm has a market cap of $19.39 billion, a price-to-earnings ratio of 15.56 and a beta of 0.96. The company has a 50-day moving average of $41.47 and a 200-day moving average of $36.27.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 20th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, March 19th. This is a boost from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.59%. Vistra’s dividend payout ratio is 25.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VST. Morgan Stanley lifted their price objective on Vistra from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. BMO Capital Markets increased their price objective on Vistra from $43.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 21st.

Check Out Our Latest Report on VST

Vistra Company Profile

(Free Report)

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 20 states in the United States and the District of Columbia.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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