Vistra Corp. (NYSE:VST) is Rubric Capital Management LP’s 5th Largest Position

Rubric Capital Management LP grew its stake in shares of Vistra Corp. (NYSE:VSTFree Report) by 60.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,125,000 shares of the company’s stock after buying an additional 797,894 shares during the period. Vistra accounts for 4.1% of Rubric Capital Management LP’s portfolio, making the stock its 5th largest position. Rubric Capital Management LP’s holdings in Vistra were worth $251,898,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its position in Vistra by 115.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after purchasing an additional 1,356,488 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Vistra by 1,358.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,228,144 shares of the company’s stock valued at $105,596,000 after buying an additional 1,143,918 shares in the last quarter. Marshall Wace LLP lifted its position in Vistra by 315.9% in the 2nd quarter. Marshall Wace LLP now owns 1,175,811 shares of the company’s stock worth $101,096,000 after buying an additional 893,093 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Vistra by 121.1% in the second quarter. Point72 Asset Management L.P. now owns 1,536,192 shares of the company’s stock worth $132,082,000 after buying an additional 841,292 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Vistra by 106.4% during the 2nd quarter. American Century Companies Inc. now owns 1,384,629 shares of the company’s stock valued at $119,050,000 after purchasing an additional 713,705 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated 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 sale, the executive vice president now directly owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. The trade was a 31.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen J. Muscato sold 207,100 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $161.34, for a total value of $33,413,514.00. Following the transaction, the executive vice president now directly owns 318,287 shares of the company’s stock, valued at approximately $51,352,424.58. The trade was a 39.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

VST opened at $162.63 on Wednesday. The company’s 50 day moving average is $128.54 and its 200 day moving average is $100.54. The company has a market cap of $55.33 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.98 and a beta of 1.09. Vistra Corp. has a 12-month low of $34.70 and a 12-month 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.

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

Vistra Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 0.54%. 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 currently 16.42%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VST. Jefferies Financial Group boosted their price objective on Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Guggenheim increased their target price on Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. BNP Paribas initiated coverage on shares of Vistra in a report on Monday, October 14th. They set an “outperform” rating and a $231.00 target price for the company. Royal Bank of Canada raised their price target on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley upped their price objective on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $149.10.

Check Out Our Latest Report on VST

Vistra Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VSTFree Report).

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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