QRG Capital Management Inc. Cuts Holdings in Vistra Corp. (NYSE:VST)

QRG Capital Management Inc. decreased its position in Vistra Corp. (NYSE:VST) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,615 shares of the company’s stock after selling 7,431 shares during the period. QRG Capital Management Inc.’s holdings in Vistra were worth $21,455,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 51.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock valued at $453,609,000 after purchasing an additional 1,293,974 shares during the period. State Street Corp grew its position in shares of Vistra by 6.8% in the third quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after purchasing an additional 1,037,402 shares during the period. Janus Henderson Group PLC grew its position 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 valued at $448,320,000 after purchasing an additional 1,000,307 shares during the period. Rubric Capital Management LP grew its position in shares of Vistra by 60.1% in the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after purchasing an additional 797,894 shares during the period. Finally, Castle Hook Partners LP grew its position in shares of Vistra by 33.5% in the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock valued at $309,422,000 after purchasing an additional 654,568 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the topic of several research analyst reports. UBS Group lifted their target price on shares of Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley boosted their price target on shares of Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI initiated coverage on shares of Vistra in a research report on Tuesday, January 21st. They set an “outperform” rating and a $202.00 price target on the stock. Bank of America initiated coverage on shares of Vistra in a research report on Monday, January 27th. They set a “neutral” rating and a $206.00 price target on the stock. Finally, BMO Capital Markets boosted their price target on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and an average price target of $171.64.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction that occurred on 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 directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is owned by insiders.

Vistra Price Performance

Shares of VST stock opened at $147.84 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 firm’s 50-day moving average is $160.40 and its two-hundred day moving average is $133.70. Vistra Corp. has a 12 month low of $48.22 and a 12 month high of $199.84. The company has a market capitalization of $50.30 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.2235 per share. The ex-dividend date is Thursday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a yield of 0.60%. Vistra’s payout ratio is 16.42%.

Vistra announced that its board has initiated a share repurchase plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally a sign 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.