Robinhood Asset Management LLC lifted its holdings in Vistra Corp. (NYSE:VST – Free Report) by 36.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,919 shares of the company’s stock after purchasing an additional 18,840 shares during the quarter. Robinhood Asset Management LLC’s holdings in Vistra were worth $11,250,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Vistra in the second quarter worth about $4,610,496,000. Norges Bank purchased a new stake in Vistra during the fourth quarter valued at approximately $746,729,000. Fifth Third Bancorp raised its position in Vistra by 95.1% during the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock valued at $26,638,000 after purchasing an additional 86,393 shares during the period. Payden & Rygel lifted its stake 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 during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Vistra in the 4th quarter valued at approximately $29,875,000. Institutional investors own 90.88% of the company’s stock.
Vistra Trading Down 1.8%
VST opened at $136.43 on Friday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The stock’s 50 day moving average price is $153.73 and its 200-day moving average price is $155.83. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The stock has a market cap of $45.79 billion, a price-to-earnings ratio of 23.05 and a beta of 1.41.
Vistra Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio is 15.54%.
Insiders Place Their Bets
In related news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the sale, the director owned 70,714 shares in the company, valued at $12,021,380. This trade represents a 8.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction 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 approximately $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,588 shares of company stock valued at $6,739,227 in the last three months. 0.92% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
VST has been the topic of several analyst reports. TD Cowen cut their target price on Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a research note on Friday. BNP Paribas Exane set a $255.00 price objective on shares of Vistra in a research report on Wednesday. Seaport Research Partners reissued a “buy” rating and issued a $230.00 target price on shares of Vistra in a research note on Monday, June 15th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $226.94.
Get Our Latest Stock Analysis on VST
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.
Read More
- Five stocks we like better than Vistra
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST – Free Report).
Receive News & Ratings for Vistra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistra and related companies with MarketBeat.com's FREE daily email newsletter.
