Vistra Corp. (NYSE:VST) Shares Sold by Cinctive Capital Management LP
by Renee Jackson · The Cerbat GemCinctive Capital Management LP cut its holdings in shares of Vistra Corp. (NYSE:VST – Free Report) by 36.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 241,239 shares of the company’s stock after selling 136,331 shares during the period. Vistra accounts for approximately 1.7% of Cinctive Capital Management LP’s investment portfolio, making the stock its 7th biggest holding. Cinctive Capital Management LP’s holdings in Vistra were worth $33,260,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after buying an additional 1,037,402 shares in the last quarter. Geode Capital Management LLC grew its position in Vistra by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,539,243 shares of the company’s stock worth $1,174,326,000 after purchasing an additional 219,055 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Vistra by 63.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company’s stock valued at $863,116,000 after purchasing an additional 2,433,732 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Vistra by 36.0% in the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after buying an additional 1,000,307 shares during the last quarter. Finally, Norges Bank purchased a new position in Vistra in the 4th quarter worth $409,087,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.
Vistra Stock Up 3.9 %
VST stock opened at $122.01 on Wednesday. Vistra Corp. has a one year low of $64.26 and a one year 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. The firm’s fifty day moving average is $145.05 and its 200 day moving average is $141.35. The firm has a market cap of $41.50 billion, a PE ratio of 22.76, a P/E/G ratio of 1.12 and a beta of 1.21.
Vistra Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were given a dividend of $0.2235 per share. The ex-dividend date was Thursday, March 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.73%. Vistra’s dividend payout ratio (DPR) is 12.62%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on VST. JPMorgan Chase & Co. dropped their price target on Vistra from $203.00 to $186.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. UBS Group upped their target price on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $164.00 to $152.00 in a research report on Tuesday, March 4th. Daiwa America upgraded shares of Vistra to a “hold” rating in a research note on Wednesday, March 5th. Finally, Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Vistra presently has an average rating of “Moderate Buy” and an average target price of $163.50.
Read Our Latest Research Report on Vistra
Insider Activity at Vistra
In other Vistra news, Director Paul M. Barbas sold 24,136 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the sale, the director now directly owns 51,063 shares of the company’s stock, valued at approximately $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John William Pitesa acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $126.75 per share, with a total value of $190,125.00. Following the completion of the transaction, the director now directly owns 3,467 shares of the company’s stock, valued at approximately $439,442.25. This represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.42% of the stock is owned by company insiders.
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.
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