Payden & Rygel lifted its holdings in Vistra Corp. (NYSE:VST – Free Report) by 3,118.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,400 shares of the company’s stock after acquiring an additional 34,300 shares during the quarter. Payden & Rygel’s holdings in Vistra were worth $5,711,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quent Capital LLC bought a new position in Vistra in the third quarter worth approximately $25,000. Archer Investment Corp boosted its position in Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Vistra in the 3rd quarter valued at $28,000. Orion Capital Management LLC purchased a new position in shares of Vistra in the 3rd quarter valued at $29,000. Finally, Salomon & Ludwin LLC raised its position in shares of Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after acquiring an additional 92 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the completion of the sale, the executive vice president directly owned 114,409 shares in the company, valued at $18,340,906.79. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by company insiders.
Vistra Stock Down 2.1%
Vistra (NYSE:VST – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. On average, research analysts expect that Vistra Corp. will post 9.31 earnings per share for the current fiscal year.
Vistra Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a $0.229 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 15.24%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $208.00 price objective on shares of Vistra in a research report on Tuesday, April 21st. The Goldman Sachs Group upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a report on Friday, February 6th. Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Jefferies Financial Group upgraded shares of Vistra from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $191.00 to $203.00 in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $233.93.
Get Our Latest Report on Vistra
About Vistra
Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.
Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.
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