Royal London Asset Management Ltd. decreased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,771 shares of the company's stock after selling 9,790 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Vistra were worth $9,930,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the business. PointState Capital LP acquired a new position in shares of Vistra in the third quarter worth about $39,823,000. Polymer Capital Management HK LTD acquired a new position in shares of Vistra in the third quarter worth about $3,204,000. Maple Rock Capital Partners Inc. lifted its stake in shares of Vistra by 12.7% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,331,714 shares of the company's stock worth $157,861,000 after acquiring an additional 150,414 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Vistra in the third quarter worth about $631,000. Finally, IHT Wealth Management LLC lifted its stake in shares of Vistra by 45.9% in the third quarter. IHT Wealth Management LLC now owns 9,473 shares of the company's stock worth $1,126,000 after acquiring an additional 2,981 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.
NYSE:VST opened at $159.98 on Friday. The firm has a market capitalization of $54.43 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 2.07 and a beta of 1.16. The stock has a 50 day moving average of $137.82 and a 200-day moving average of $104.57. Vistra Corp. has a 52 week low of $36.17 and a 52 week high of $168.67. The company has a current ratio of 1.11, a quick ratio of 0.99 and a debt-to-equity ratio of 4.68.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be issued a $0.221 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.55%. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra's dividend payout ratio is 16.42%.
Vistra declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.
Several research analysts recently commented on the company. BNP Paribas initiated coverage on Vistra in a research note on Monday, October 14th. They issued an "outperform" rating and a $231.00 price target on the stock. Jefferies Financial Group upped their price objective on Vistra from $99.00 to $137.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. BMO Capital Markets upped their price objective on Vistra from $146.00 to $147.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, UBS Group cut their price objective on Vistra from $157.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $149.10.
Check Out Our Latest Stock Report on VST
In related news, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $161.34, for a total value of $33,413,514.00. Following the completion of the transaction, the executive vice president now directly owns 318,287 shares of the company's stock, valued at $51,352,424.58. This represents a 39.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott A. Hudson sold 115,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.42% of the company's stock.
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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