Entropy Technologies LP Takes $11.04 Million Position in Vistra Corp. $VST

Entropy Technologies LP purchased a new stake in shares of Vistra Corp. (NYSE:VSTFree Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 68,448 shares of the company’s stock, valued at approximately $11,043,000.

A number of other hedge funds have also recently made changes to their positions in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the 4th quarter valued at $25,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Vistra during the 3rd quarter valued at $28,000. Salomon & Ludwin LLC grew its position in shares of Vistra by 74.8% during the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 92 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new position in Vistra in the fourth quarter worth $35,000. Finally, Triumph Capital Management purchased a new position in Vistra in the third quarter worth $38,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

Vistra stock opened at $148.01 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The company has a market capitalization of $49.91 billion, a PE ratio of 24.79 and a beta of 1.40. The firm has a fifty day simple moving average of $153.53 and a two-hundred day simple moving average of $160.20. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82.

Vistra (NYSE:VSTGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.55. The business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. Research analysts expect that Vistra Corp. will post 9.3 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a $0.229 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s payout ratio is presently 15.24%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James Financial set a $208.00 target price on shares of Vistra in a research report on Monday, April 27th. JPMorgan Chase & Co. cut their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Morgan Stanley reiterated an “overweight” rating and issued a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a research report on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Vistra currently has an average rating of “Buy” and an average price target of $233.33.

Read Our Latest Stock Analysis on Vistra

Insiders Place Their Bets

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.92% of the stock is owned by corporate insiders.

About Vistra

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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