Rakuten Investment Management Inc. grew its stake in shares of Vistra Corp. (NYSE:VST – Free Report) by 461.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,759 shares of the company’s stock after acquiring an additional 35,140 shares during the period. Rakuten Investment Management Inc.’s holdings in Vistra were worth $6,920,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Vistra by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after acquiring an additional 390,157 shares during the last quarter. State Street Corp increased its position in Vistra by 2.7% during the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after buying an additional 432,028 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after buying an additional 97,424 shares in the last quarter. Norges Bank acquired a new stake in shares of Vistra during the fourth quarter worth $746,729,000. Finally, Invesco Ltd. grew its stake in shares of Vistra by 0.8% in the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after acquiring an additional 35,258 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Paul M. Barbas sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 10,088 shares of company stock valued at $1,634,227. 0.92% of the stock is currently owned by insiders.
Vistra Price Performance
Vistra (NYSE:VST – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. As a group, research analysts expect that Vistra Corp. will post 9.31 EPS for the current fiscal year.
Vistra Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.229 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s payout ratio is currently 15.24%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on VST. Seaport Research Partners restated a “buy” rating and issued a $230.00 price target on shares of Vistra in a research note on Monday. Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Morgan Stanley restated an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research note on Thursday, May 21st. Raymond James Financial set a $208.00 price target on shares of Vistra in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $230.44.
Check Out Our Latest Stock Analysis on Vistra
Vistra Company Profile
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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