Trexquant Investment LP Acquires New Position in Vistra Corp. (NYSE:VST)

Trexquant Investment LP acquired a new stake in shares of Vistra Corp. (NYSE:VST – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 76,598 shares of the company’s stock, valued at approximately $1,609,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VST. FMR LLC lifted its holdings in Vistra by 24.2% during the 2nd quarter. FMR LLC now owns 29,685,750 shares of the company’s stock valued at $678,320,000 after buying an additional 5,786,238 shares in the last quarter. Point72 Asset Management L.P. increased its position in Vistra by 464.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,775,400 shares of the company’s stock valued at $58,283,000 after purchasing an additional 2,283,400 shares during the period. Renaissance Technologies LLC increased its position in Vistra by 2,443.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,781,440 shares of the company’s stock valued at $41,418,000 after purchasing an additional 1,711,407 shares during the period. Jennison Associates LLC purchased a new position in Vistra during the 3rd quarter valued at about $30,965,000. Finally, PointState Capital LP purchased a new position in Vistra during the 1st quarter valued at about $32,716,000. Institutional investors own 92.47% of the company’s stock.

Vistra Stock Down 4.6 %

Shares of Vistra stock opened at $24.52 on Monday. The firm’s 50 day moving average price is $22.84 and its 200-day moving average price is $23.28. The company has a quick ratio of 1.02, a current ratio of 1.08 and a debt-to-equity ratio of 4.09. Vistra Corp. has a 52-week low of $20.76 and a 52-week high of $27.39. The company has a market cap of $9.35 billion, a P/E ratio of -7.64 and a beta of 0.93.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 22nd will be given a $0.198 dividend. The ex-dividend date is Tuesday, March 21st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Vistra’s previous quarterly dividend of $0.19. Vistra’s payout ratio is presently -23.99%.

Wall Street Analyst Weigh In

VST has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Vistra from $31.00 to $30.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. TheStreet downgraded shares of Vistra from a “b-” rating to a “c” rating in a research report on Wednesday, March 1st. Finally, BMO Capital Markets raised their target price on shares of Vistra from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, March 7th.

Vistra Profile

(Get Rating)

Vistra Corp. is an energy company engaged in the provision of electricity and power generation. It operates through the following segments: Retail, Texas, East, West, Sunset and Asset Closure. The Retail segment sells electricity and natural gas to residential, commercial, and industrial customers. The Texas and East segments engage in electricity generation, wholesale energy sales and purchases, commodity risk management activities, fuel production and fuel logistics management.