Top 5 Stock Picks of Cinctive Capital Management

4. Vistra Corp. (NYSE:VST)

Cinctive Capital Management’s Stake Value: $27,598,000
Percentage of Cinctive Capital Management’s 13F Portfolio: 1.02%
Number of Hedge Fund Holders: 40

Texas-based Vistra Corp. (NYSE:VST), a Fortune 275 integrated retail electricity and power-producing firm, announced a quarterly dividend of $0.184 per share, up 4% from its previous dividend of $0.177. For the fiscal second quarter of 2022, Vistra Corp. (NYSE:VST) reported a revenue of $1.59 billion, down 37.9% year over year.

On July 26, BofA’s analyst Julien Dumoulin-Smith removed Vistra Corp. (NYSE:VST) from Bank of America’s US1 List but maintained a ‘Buy’ rating and a price target of $28. The company, which was trading at an appealing 25%+ free cash flow, was one of the best options for benefiting from the commodities cycle’s favorable trends.

Cinctive Capital Management began building its stake in Vistra Corp. (NYSE:VST) in the fourth quarter of 2019. In the first quarter of 2022, it held 1.19 million shares of Vistra Corp. (NYSE:VST). These were worth $27.60 million and accounted for 1.02% of its portfolio. Vistra Corp. (NYSE:VST) is the fourth-largest holding of Rich Schimel and Lawrence Sapanski’s Cinctive Capital Management.

According to Insider Monkey’s Q1 data, 40 hedge funds were bullish on Vistra Corp. (NYSE:VST), with combined stakes of $1.64 billion, compared to the same number of funds in the earlier quarter, holding stakes in the company valued at $1.55 billion.