Aigen Investment Management LP Raises Stock Position in Vistra Corp. (NYSE:VST)

Aigen Investment Management LP boosted its position in Vistra Corp. (NYSE:VST) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,329 shares of the company’s stock after purchasing an additional 1,670 shares during the quarter. Vistra comprises 0.6% of Aigen Investment Management LP’s investment portfolio, making the stock its 19th biggest position. Aigen Investment Management LP’s holdings in Vistra were worth $3,121,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Lone Pine Capital LLC grew its position in Vistra by 6.6% in the second quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock worth $587,932,000 after acquiring an additional 425,126 shares in the last quarter. Castle Hook Partners LP lifted its stake in Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after purchasing an additional 3,108,511 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Vistra by 9,668.5% in the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock worth $204,779,000 after purchasing an additional 2,910,015 shares in the last quarter. GQG Partners LLC increased its position in shares of Vistra by 25.1% during the 1st quarter. GQG Partners LLC now owns 2,564,705 shares of the company’s stock valued at $178,632,000 after purchasing an additional 514,722 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Vistra by 115.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,532,657 shares of the company’s stock valued at $217,758,000 after purchasing an additional 1,356,488 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VST has been the subject of several research reports. BNP Paribas initiated coverage on Vistra in a research note on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. Morgan Stanley increased their target price on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Royal Bank of Canada lifted their target price on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Guggenheim increased their price target on shares of Vistra from $133.00 to $177.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, UBS Group lowered their price objective on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average target price of $145.40.

Vistra Stock Down 1.9 %

Shares of Vistra stock traded down $2.80 during midday trading on Tuesday, hitting $143.00. The company had a trading volume of 411,541 shares, compared to its average volume of 6,933,981. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The company has a 50 day moving average of $114.25 and a 200 day moving average of $95.68. Vistra Corp. has a 52-week low of $34.24 and a 52-week high of $149.80. The stock has a market capitalization of $49.13 billion, a P/E ratio of 27.21 and a beta of 1.09.

Vistra Increases Dividend

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

Vistra declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.