Vistra Corp. (NYSE:VST) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its position in Vistra Corp. (NYSE:VST) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,380,485 shares of the company’s stock after selling 82,539 shares during the period. Jennison Associates LLC owned approximately 0.69% of Vistra worth $282,183,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Vistra during the 3rd quarter valued at about $30,000. CVA Family Office LLC increased its stake in Vistra by 1,505.9% during the 3rd quarter. CVA Family Office LLC now owns 273 shares of the company’s stock valued at $32,000 after buying an additional 256 shares during the period. Redwood Wealth Management Group LLC acquired a new position in Vistra during the 2nd quarter valued at about $26,000. ORG Wealth Partners LLC acquired a new position in Vistra during the 3rd quarter valued at about $40,000. Finally, Fortitude Family Office LLC increased its stake in Vistra by 125.0% during the 3rd quarter. Fortitude Family Office LLC now owns 360 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VST. BNP Paribas began coverage on shares of Vistra in a research note on Monday, October 14th. They set an “outperform” rating and a $231.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Vistra in a research report on Thursday, October 17th. They set an “overweight” rating and a $178.00 price objective for the company. Morgan Stanley raised their price objective on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. BMO Capital Markets raised their price objective on shares of Vistra from $146.00 to $147.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Vistra currently has an average rating of “Buy” and an average price target of $145.40.

Vistra Price Performance

NYSE VST opened at $154.85 on Wednesday. The company has a 50 day simple moving average of $122.52 and a 200-day simple moving average of $98.51. 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 firm has a market capitalization of $52.68 billion, a price-to-earnings ratio of 28.89 and a beta of 1.09. Vistra Corp. has a 52-week low of $34.25 and a 52-week high of $154.95.

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

Vistra declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are 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.