Central Asset Investments & Management Holdings HK Ltd Acquires 62,100 Shares of Vistra Corp. (NYSE:VST)

Central Asset Investments & Management Holdings HK Ltd grew its stake in Vistra Corp. (NYSE:VST) by 3,105.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 64,100 shares of the company’s stock after purchasing an additional 62,100 shares during the period. Vistra accounts for 5.4% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 4th biggest position. Central Asset Investments & Management Holdings HK Ltd’s holdings in Vistra were worth $8,837,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $47,990,029.50. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Vistra Trading Up 7.2 %

Shares of Vistra stock opened at $147.84 on Thursday. The company has a 50-day moving average of $160.40 and a two-hundred day moving average of $133.70. Vistra Corp. has a 12-month low of $48.22 and a 12-month high of $199.84. 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 stock has a market cap 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 announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, March 20th. Vistra’s dividend payout ratio (DPR) is presently 16.42%.

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.