Plato Investment Management Ltd Has $95,000 Holdings in Vistra Corp. (NYSE:VST)

Plato Investment Management Ltd cut its position in shares of Vistra Corp. (NYSE:VST) by 65.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 690 shares of the company’s stock after selling 1,294 shares during the quarter. Plato Investment Management Ltd’s holdings in Vistra were worth $95,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of VST. Farther Finance Advisors LLC grew its holdings in Vistra by 28.6% in the third quarter. Farther Finance Advisors LLC now owns 2,120 shares of the company’s stock worth $251,000 after purchasing an additional 471 shares during the period. Janney Montgomery Scott LLC grew its holdings in Vistra by 9.5% in the third quarter. Janney Montgomery Scott LLC now owns 159,668 shares of the company’s stock worth $18,927,000 after purchasing an additional 13,897 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Vistra by 3.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 74,354 shares of the company’s stock worth $8,814,000 after purchasing an additional 2,738 shares during the period. National Pension Service grew its holdings in Vistra by 64.4% in the third quarter. National Pension Service now owns 688,370 shares of the company’s stock worth $81,599,000 after purchasing an additional 269,666 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Vistra by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 130,149 shares of the company’s stock worth $15,428,000 after purchasing an additional 508 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VST shares. Daiwa Capital Markets started coverage on shares of Vistra in a research note on Wednesday. They issued a “neutral” rating and a $120.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America raised shares of Vistra from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $164.00 to $152.00 in a research note on Tuesday. UBS Group raised their price objective on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Evercore ISI started coverage on shares of Vistra in a research note on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $162.83.

Vistra Stock Up 0.0 %

VST opened at $126.99 on Thursday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99. The company’s 50-day moving average is $159.46 and its 200 day moving average is $135.46. Vistra Corp. has a fifty-two week low of $57.50 and a fifty-two week high of $199.84. The firm has a market capitalization of $43.20 billion, a P/E ratio of 23.69, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a $0.2235 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 annualized dividend and a yield of 0.70%. Vistra’s payout ratio is currently 12.62%.

Vistra announced that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Vistra news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $139.77, for a total value of $2,795,400.00. Following the sale, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.42% of the company’s stock.

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.