Qsemble Capital Management LP Grows Stock Holdings in Vistra Corp. (NYSE:VST)

Qsemble Capital Management LP boosted its holdings in Vistra Corp. (NYSE:VST) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,628 shares of the company’s stock after buying an additional 1,555 shares during the quarter. Vistra makes up about 0.8% of Qsemble Capital Management LP’s holdings, making the stock its 26th largest position. Qsemble Capital Management LP’s holdings in Vistra were worth $4,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empire Life Investments Inc. acquired a new stake in shares of Vistra during the 3rd quarter worth about $23,028,000. Terra Nova Asset Management LLC purchased a new stake in shares of Vistra during the 3rd quarter worth approximately $842,000. Czech National Bank boosted its holdings in shares of Vistra by 12.4% in the 3rd quarter. Czech National Bank now owns 69,987 shares of the company’s stock valued at $8,296,000 after buying an additional 7,747 shares in the last quarter. CIBC Asset Management Inc raised its stake in Vistra by 12.4% during the 3rd quarter. CIBC Asset Management Inc now owns 50,380 shares of the company’s stock worth $5,972,000 after acquiring an additional 5,575 shares in the last quarter. Finally, Viking Fund Management LLC purchased a new stake in Vistra in the third quarter valued at $1,185,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Price Performance

VST stock traded down $1.33 during trading on Monday, reaching $160.59. 1,230,612 shares of the company were exchanged, compared to its average volume of 6,871,776. The company has a market cap of $54.64 billion, a P/E ratio of 30.21, a PEG ratio of 2.08 and a beta of 1.09. 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 stock’s 50 day moving average price is $127.24 and its 200 day moving average price is $100.11. Vistra Corp. has a 52-week low of $34.70 and a 52-week high of $168.67.

Vistra Increases Dividend

The firm also recently disclosed 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 represents a $0.88 dividend on an annualized basis and a yield of 0.55%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, December 20th. Vistra’s dividend payout ratio is presently 16.42%.

Vistra announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

VST has been the subject of a number of research analyst reports. BNP Paribas initiated coverage on Vistra in a research report on Monday, October 14th. They issued an “outperform” rating and a $231.00 target price for the company. Jefferies Financial Group raised their target price on shares of Vistra from $99.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley upped their price target on shares of Vistra from $135.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group decreased their target price on shares of Vistra from $157.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Guggenheim upped their price objective on Vistra from $133.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $149.10.

Vistra Company 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.