Cinctive Capital Management LP Raises Stake in Vistra Corp. $VST

Cinctive Capital Management LP lifted its stake in shares of Vistra Corp. (NYSE:VST) by 50.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 333,724 shares of the company’s stock after purchasing an additional 112,265 shares during the quarter. Vistra makes up 2.9% of Cinctive Capital Management LP’s portfolio, making the stock its largest position. Cinctive Capital Management LP’s holdings in Vistra were worth $53,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Vistra during the 4th quarter valued at about $746,729,000. Payden & Rygel boosted its holdings in Vistra by 3,118.2% during the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after acquiring an additional 34,300 shares during the period. Signature Estate & Investment Advisors LLC purchased a new stake in Vistra during the 4th quarter valued at about $29,875,000. Intech Investment Management LLC boosted its holdings in Vistra by 34.4% during the 4th quarter. Intech Investment Management LLC now owns 188,921 shares of the company’s stock valued at $30,479,000 after acquiring an additional 48,378 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Vistra by 12.2% during the 4th quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock valued at $285,343,000 after acquiring an additional 192,274 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Activity at Vistra

In other news, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the transaction, the chief accounting officer owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. This represents a 25.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares of the company’s stock, valued at $8,109,918. This represents a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,088 shares of company stock valued at $1,634,227 in the last three months. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

VST has been the subject of several analyst reports. Sanford C. Bernstein set a $187.00 target price on Vistra and gave the company an “outperform” rating in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Wells Fargo & Company lowered their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price target on shares of Vistra in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. lowered their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $230.44.

Vistra Trading Down 0.0%

VST opened at $158.57 on Thursday. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The firm has a market capitalization of $53.47 billion, a price-to-earnings ratio of 26.56 and a beta of 1.40. The business has a 50 day simple moving average of $153.85 and a two-hundred day simple moving average of $159.72. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Analysts predict that Vistra Corp. will post 9.31 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 15.24%.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.