Kendall Capital Management Reduces Stock Position in Vistra Corp. (NYSE:VST)

Kendall Capital Management lowered its stake in shares of Vistra Corp. (NYSE:VST) by 28.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,770 shares of the company’s stock after selling 3,105 shares during the quarter. Kendall Capital Management’s holdings in Vistra were worth $1,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in Vistra by 6.8% during the 3rd quarter. State Street Corp now owns 16,355,255 shares of the company’s stock valued at $1,938,752,000 after acquiring an additional 1,037,402 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Vistra by 51.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,826,631 shares of the company’s stock worth $453,609,000 after purchasing an additional 1,293,974 shares during the period. Janus Henderson Group PLC raised its position in shares of Vistra by 36.0% during the third quarter. Janus Henderson Group PLC now owns 3,781,908 shares of the company’s stock worth $448,320,000 after purchasing an additional 1,000,307 shares during the period. Castle Hook Partners LP raised its position in shares of Vistra by 33.5% during the third quarter. Castle Hook Partners LP now owns 2,610,273 shares of the company’s stock worth $309,422,000 after purchasing an additional 654,568 shares during the period. Finally, Rubric Capital Management LP grew its holdings in shares of Vistra by 60.1% during the third quarter. Rubric Capital Management LP now owns 2,125,000 shares of the company’s stock valued at $251,898,000 after buying an additional 797,894 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VST. Daiwa Capital Markets began coverage on Vistra in a report on Wednesday. They set a “neutral” rating and a $120.00 price target on the stock. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America upgraded Vistra from a “neutral” rating to a “buy” rating and lowered their target price for the company from $164.00 to $152.00 in a research note on Tuesday, March 4th. Daiwa America upgraded Vistra to a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their target price on Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.83.

Vistra Stock Down 0.4 %

Shares of VST opened at $113.96 on Friday. The firm has a market capitalization 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 fifty day moving average price is $158.02 and its two-hundred day moving average price is $135.87. Vistra Corp. has a 52 week low of $57.50 and a 52 week high of $199.84.

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. The ex-dividend date is Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio is 12.62%.

Insider Activity

In other news, Director Scott B. Helm sold 20,000 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the transaction, the director now owns 343,350 shares of the company’s stock, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.42% of the stock is currently owned by company insiders.

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.