Value Star Asset Management Hong Kong Ltd acquired a new position in Vistra Corp. (NYSE:VST - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,000 shares of the company's stock, valued at approximately $2,068,000. Vistra comprises 7.1% of Value Star Asset Management Hong Kong Ltd's investment portfolio, making the stock its 5th biggest holding.
Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Vistra by 28.6% during the third quarter. Farther Finance Advisors LLC now owns 2,120 shares of the company's stock worth $251,000 after acquiring an additional 471 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Vistra by 3.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 74,354 shares of the company's stock worth $8,814,000 after acquiring an additional 2,738 shares during the period. Asset Management One Co. Ltd. grew its holdings in Vistra by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 130,149 shares of the company's stock worth $15,428,000 after acquiring an additional 508 shares during the period. Advisor Resource Council acquired a new stake in Vistra during the third quarter worth about $220,000. Finally, Kornitzer Capital Management Inc. KS grew its holdings in Vistra by 480.4% during the third quarter. Kornitzer Capital Management Inc. KS now owns 152,891 shares of the company's stock worth $18,124,000 after acquiring an additional 126,549 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Scott B. Helm sold 20,000 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total transaction of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares of the company's stock, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.42% of the company's stock.
Several analysts recently commented on VST shares. Daiwa America raised Vistra to a "hold" rating in a report on Wednesday. Morgan Stanley raised their price objective on Vistra from $135.00 to $169.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Daiwa Capital Markets assumed coverage on Vistra in a report on Wednesday. They issued a "neutral" rating and a $120.00 price objective on the stock. Evercore ISI assumed coverage on Vistra in a report on Tuesday, January 21st. They issued an "outperform" rating and a $202.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.83.
Check Out Our Latest Stock Report on Vistra
Shares of Vistra stock opened at $113.94 on Friday. Vistra Corp. has a one year low of $57.50 and a one year high of $199.84. The company has a market cap of $38.77 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The business's 50 day moving average price is $159.13 and its 200 day moving average price is $135.40.
Vistra declared that its board has approved a stock buyback program on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a yield of 0.78%. This is an increase from Vistra's previous quarterly dividend of $0.22. Vistra's payout ratio is currently 12.62%.
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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