Vistra Corp. (NYSE:VST) Shares Purchased by Rubric Capital Management LP

Rubric Capital Management LP boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 60.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,125,000 shares of the company’s stock after buying an additional 797,894 shares during the period. Vistra makes up about 4.1% of Rubric Capital Management LP’s portfolio, making the stock its 5th largest position. Rubric Capital Management LP owned approximately 0.62% of Vistra worth $251,898,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VST. Massachusetts Financial Services Co. MA grew its holdings in Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock worth $217,758,000 after buying an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Vistra by 1,358.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock worth $105,596,000 after acquiring an additional 1,143,918 shares in the last quarter. Marshall Wace LLP raised 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. Point72 Asset Management L.P. raised its holdings in shares of Vistra by 121.1% in the second quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company’s stock valued at $132,082,000 after purchasing an additional 841,292 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Vistra by 106.4% during the second quarter. American Century Companies Inc. now owns 1,384,629 shares of the company’s stock valued at $119,050,000 after purchasing an additional 713,705 shares in the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity

In other Vistra news, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the transaction, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at $41,849,637.12. This trade represents a 31.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen J. Muscato sold 207,100 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 318,287 shares in the company, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is owned by company insiders.

Vistra Stock Up 5.5 %

VST opened at $162.63 on Wednesday. The company has a 50 day moving average of $128.54 and a 200 day moving average of $100.54. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68. Vistra Corp. has a 12 month low of $34.70 and a 12 month high of $168.67. The company has a market cap of $55.33 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

Vistra announced that its board has authorized a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership 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 issued a $0.221 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio (DPR) is presently 16.42%.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of Vistra from $105.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Guggenheim upped their target price on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley lifted their price target on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets boosted their price objective on Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group raised their target price on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra has an average rating of “Buy” and an average price target 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.