Cinctive Capital Management LP Trims Stock Holdings in Vistra Corp. (NYSE:VST)

Cinctive Capital Management LP trimmed its holdings in shares of Vistra Corp. (NYSE:VST) by 36.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,239 shares of the company’s stock after selling 136,331 shares during the quarter. Vistra accounts for approximately 1.7% of Cinctive Capital Management LP’s holdings, making the stock its 7th biggest holding. Cinctive Capital Management LP owned approximately 0.07% of Vistra worth $33,260,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VST. Dynamic Technology Lab Private Ltd bought a new stake in shares of Vistra in the 3rd quarter valued at approximately $222,000. Townsquare Capital LLC raised its holdings in Vistra by 12.9% during the 3rd quarter. Townsquare Capital LLC now owns 4,838 shares of the company’s stock valued at $573,000 after buying an additional 554 shares during the period. Hantz Financial Services Inc. bought a new stake in Vistra in the third quarter worth $192,000. Rockefeller Capital Management L.P. boosted its stake in Vistra by 68.5% during the third quarter. Rockefeller Capital Management L.P. now owns 21,474 shares of the company’s stock worth $2,545,000 after buying an additional 8,727 shares during the period. Finally, Captrust Financial Advisors increased its position in Vistra by 2.5% during the third quarter. Captrust Financial Advisors now owns 42,970 shares of the company’s stock valued at $5,094,000 after acquiring an additional 1,028 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In related news, Director Paul M. Barbas sold 24,136 shares of Vistra stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total transaction of $2,997,449.84. Following the transaction, the director now directly owns 51,063 shares of the company’s stock, valued at $6,341,513.97. This trade represents a 32.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John William Pitesa bought 1,500 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $126.75 per share, with a total value of $190,125.00. Following the acquisition, the director now owns 3,467 shares of the company’s stock, valued at $439,442.25. This trade represents a 76.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the subject of several analyst reports. Daiwa Capital Markets started coverage on shares of Vistra in a report on Wednesday, March 5th. They issued a “neutral” rating and a $120.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on shares of Vistra from $203.00 to $186.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. BMO Capital Markets upped their target price on Vistra from $151.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group increased their price target on Vistra from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Daiwa America upgraded Vistra to a “hold” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.50.

Vistra Price Performance

VST opened at $122.01 on Wednesday. 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 business’s fifty day simple moving average is $145.05 and its 200-day simple moving average is $141.35. The company has a market capitalization of $41.50 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.12 and a beta of 1.21. Vistra Corp. has a 12-month low of $64.26 and a 12-month high of $199.84.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This represents a $0.89 annualized dividend and a yield of 0.73%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. Vistra’s dividend payout ratio is presently 12.62%.

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.