Gabelli Funds LLC grew its stake in Vistra Corp. (NYSE:VST – Free Report) by 138.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,600 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Gabelli Funds LLC’s holdings in Vistra were worth $1,364,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Vistra during the fourth quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new stake in Vistra during the fourth quarter worth $30,000. Triumph Capital Management acquired a new stake in Vistra during the third quarter valued at $38,000. Finally, Strive Asset Management LLC acquired a new stake in Vistra during the third quarter valued at $38,000. Institutional investors and hedge funds own 90.88% of the company’s stock.
Insider Activity at Vistra
In related news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction dated 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 sale, the director directly owned 232,200 shares in the company, valued at approximately $37,152,000. The trade was a 9.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is owned by corporate insiders.
Vistra Price Performance
Vistra (NYSE:VST – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, research analysts predict that Vistra Corp. will post 9.23 EPS for the current fiscal year.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. Vistra’s payout ratio is currently 15.54%.
Analysts Set New Price Targets
A number of research analysts have weighed in on VST shares. The Goldman Sachs Group set a $206.00 price objective on shares of Vistra in a research report on Wednesday, August 12th. Weiss Ratings cut Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating and set a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Seaport Research Partners restated a “buy” rating and issued a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. reduced their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.94.
View Our Latest Report on Vistra
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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