Vistra Corp. (NYSE:VST) Stock Position Raised by Jag Capital Management LLC

Jag Capital Management LLC lifted its position in Vistra Corp. (NYSE:VST) by 1,160.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,310 shares of the company’s stock after acquiring an additional 96,952 shares during the quarter. Vistra makes up about 2.0% of Jag Capital Management LLC’s holdings, making the stock its 19th biggest holding. Jag Capital Management LLC’s holdings in Vistra were worth $14,519,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the period. Avior Wealth Management LLC increased its stake in Vistra by 56.5% in the 4th quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Founders Capital Management acquired a new position in Vistra in the 4th quarter valued at approximately $28,000. West Branch Capital LLC acquired a new position in Vistra in the 4th quarter valued at approximately $28,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in Vistra in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of Vistra stock in a transaction 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 completion of the sale, the director now owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Vistra Price Performance

NYSE:VST opened at $123.79 on Tuesday. Vistra Corp. has a 52 week low of $55.28 and a 52 week high of $199.84. The firm has a market cap of $42.12 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.12 and a beta of 1.22. The firm’s 50-day simple moving average is $160.13 and its 200 day simple moving average is $134.83. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11.

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be paid a $0.2235 dividend. 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 dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is presently 16.60%.

Vistra 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.