Aigen Investment Management LP Boosts Stake in Vistra Corp. (NYSE:VST)

Aigen Investment Management LP increased its holdings in shares of Vistra Corp. (NYSE:VST) by 6.8% during the third quarter, HoldingsChannel reports. The firm owned 26,329 shares of the company’s stock after buying an additional 1,670 shares during the period. Vistra comprises 0.6% of Aigen Investment Management LP’s portfolio, making the stock its 19th biggest holding. Aigen Investment Management LP’s holdings in Vistra were worth $3,121,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VST. Duality Advisers LP bought a new stake in shares of Vistra in the first quarter worth approximately $262,000. Envestnet Portfolio Solutions Inc. grew its position in Vistra by 35.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,174 shares of the company’s stock worth $500,000 after purchasing an additional 1,892 shares during the period. SG Americas Securities LLC raised its stake in Vistra by 64.5% during the 1st quarter. SG Americas Securities LLC now owns 11,377 shares of the company’s stock valued at $792,000 after buying an additional 4,460 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Vistra by 4.3% during the 1st quarter. Sei Investments Co. now owns 552,148 shares of the company’s stock valued at $38,456,000 after buying an additional 22,916 shares during the period. Finally, Inspire Investing LLC purchased a new position in shares of Vistra in the 1st quarter worth $904,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Price Performance

Vistra stock traded down $2.80 during mid-day trading on Tuesday, hitting $143.00. The stock had a trading volume of 411,541 shares, compared to its average volume of 6,933,981. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The firm’s 50 day moving average is $114.25 and its 200 day moving average is $95.68. The firm has a market capitalization of $49.13 billion, a P/E ratio of 27.21 and a beta of 1.09. Vistra Corp. has a one year low of $34.24 and a one year high of $149.80.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th will be paid a $0.221 dividend. This represents a $0.88 annualized dividend and a yield of 0.62%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, December 20th. Vistra’s dividend payout ratio is presently 16.42%.

Vistra declared that its board has authorized a stock buyback plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VST shares. Royal Bank of Canada increased their target price on Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group increased their price objective on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Guggenheim boosted their target price on shares of Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley increased their price target on shares of Vistra from $110.00 to $132.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. began coverage on shares of Vistra in a research note on Thursday, October 17th. They set an “overweight” rating and a $178.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $145.40.

About Vistra

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.