Independent Financial Group LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,519 shares of the company’s stock, valued at approximately $830,000.
A number of other large investors have also recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in Vistra by 95.1% in the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock worth $26,638,000 after acquiring an additional 86,393 shares during the period. Norges Bank purchased a new position in Vistra during the 4th quarter valued at about $746,729,000. Payden & Rygel raised its holdings in shares of Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after purchasing an additional 34,300 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Vistra in the 4th quarter valued at about $29,875,000. Finally, Legal & General Group Plc boosted its stake in shares of Vistra by 12.2% during the fourth quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock valued at $285,343,000 after purchasing an additional 192,274 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Sanford C. Bernstein set a $187.00 price objective on shares of Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. Seaport Research Partners restated a “buy” rating and set a $230.00 target price on shares of Vistra in a report on Monday, June 15th. Scotiabank increased their target price on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. cut their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Raymond James Financial set a $208.00 price target on Vistra in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $230.62.
Insiders Place Their Bets
In other news, Director Scott B. Helm sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares of the company’s stock, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the transaction, the director owned 70,714 shares in the company, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,588 shares of company stock worth $6,739,227 over the last quarter. Company insiders own 0.92% of the company’s stock.
Vistra Trading Up 2.7%
NYSE VST opened at $162.22 on Wednesday. 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 firm has a market cap of $54.70 billion, a PE ratio of 27.17 and a beta of 1.40. The company has a 50 day moving average price of $154.57 and a 200 day moving average price of $158.37. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82.
Vistra (NYSE:VST – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.32 by $1.55. The company 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%. As a group, sell-side analysts forecast that Vistra Corp. will post 9.53 EPS for the current fiscal year.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.229 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 15.41%.
Vistra 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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