Intech Investment Management LLC Buys 77,991 Shares of Vistra Corp. (NYSE:VST)

Intech Investment Management LLC lifted its stake in shares of Vistra Corp. (NYSE:VST) by 37.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 284,639 shares of the company’s stock after acquiring an additional 77,991 shares during the period. Intech Investment Management LLC owned approximately 0.08% of Vistra worth $33,741,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Lone Pine Capital LLC lifted its holdings in shares of Vistra by 6.6% during the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after acquiring an additional 425,126 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Vistra by 115.3% in 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 period. Thrivent Financial for Lutherans raised its position in Vistra by 43.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,755,723 shares of the company’s stock worth $208,122,000 after purchasing an additional 527,579 shares during the period. Maple Rock Capital Partners Inc. raised its position in Vistra by 100.5% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 1,720,000 shares of the company’s stock worth $119,798,000 after purchasing an additional 862,000 shares during the period. Finally, Point72 Asset Management L.P. raised its position in Vistra by 121.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company’s stock worth $132,082,000 after purchasing an additional 841,292 shares during the period. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VST has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price 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. JPMorgan Chase & Co. initiated coverage on shares of Vistra in a research report on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price on the stock. UBS Group decreased their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. BMO Capital Markets lifted their target price on shares of Vistra from $146.00 to $147.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, BNP Paribas started coverage on shares of Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus target price of $145.40.

Vistra Trading Down 0.2 %

Shares of VST opened at $154.61 on Thursday. The firm’s 50-day moving average price is $124.02 and its 200-day moving average price is $98.90. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 1.99 and a beta of 1.09. 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 1-year low of $34.25 and a 1-year high of $157.72.

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 paid a dividend of $0.221 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.57%. Vistra’s payout ratio is presently 16.42%.

Vistra announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management 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.