Vistra Corp. $VST is 3Chopt Investment Partners LLC's 7th Largest Position

Key Points

• 3Chopt Investment Partners LLC reduced its holdings in Vistra Corp. by 4.5% in Q2, making it the firm's 7th largest investment position, worth approximately $8.44 million.
• Recent analyst upgrades have generally set positive price targets for Vistra, with Daiwa Capital Markets raising its rating to "strong-buy" and setting a price target of $250.00.
• Vistra announced an increase in its quarterly dividend to $0.226 per share, yielding approximately 0.4%, reflecting a boost from the previous amount of $0.23.

3Chopt Investment Partners LLC lowered its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,553 shares of the company's stock after selling 2,051 shares during the period. Vistra accounts for 2.0% of 3Chopt Investment Partners LLC's investment portfolio, making the stock its 7th largest holding. 3Chopt Investment Partners LLC's holdings in Vistra were worth $8,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Vistra during the first quarter worth about $209,149,000. Assenagon Asset Management S.A. boosted its holdings in Vistra by 2,341.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company's stock valued at $167,755,000 after purchasing an additional 830,111 shares in the last quarter. Fred Alger Management LLC increased its position in Vistra by 102.5% during the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company's stock worth $114,309,000 after purchasing an additional 492,765 shares during the period. 140 Summer Partners LP purchased a new position in shares of Vistra during the 1st quarter worth approximately $56,876,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Vistra by 52.2% in the 1st quarter. Hsbc Holdings PLC now owns 943,057 shares of the company's stock valued at $109,761,000 after buying an additional 323,264 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VST. Daiwa America raised Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Daiwa Capital Markets upgraded shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. raised their price objective on shares of Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a research note on Wednesday, September 24th. UBS Group upped their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Melius initiated coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $227.85.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares of the company's stock, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 422,389 shares of company stock valued at $86,992,610. Insiders own 1.42% of the company's stock.

Vistra Stock Up 1.7%

Shares of NYSE:VST opened at $209.99 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company has a market capitalization of $71.15 billion, a P/E ratio of 33.49, a P/E/G ratio of 3.06 and a beta of 1.33. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The stock's fifty day simple moving average is $200.69 and its 200-day simple moving average is $172.05.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. As a group, equities research analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is presently 14.35%.

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.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.