EFG International AG Purchases 5,355 Shares of Vistra Corp. $VST

EFG International AG raised its position in Vistra Corp. (NYSE:VSTFree Report) by 73.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,668 shares of the company’s stock after buying an additional 5,355 shares during the quarter. EFG International AG’s holdings in Vistra were worth $2,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Vistra during the 2nd quarter worth approximately $4,610,496,000. State Street Corp increased its stake in Vistra by 2.7% in the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after acquiring an additional 432,028 shares during the last quarter. Geode Capital Management LLC raised its position in Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after purchasing an additional 97,424 shares in the last quarter. Norges Bank acquired a new position in Vistra during the fourth quarter valued at approximately $746,729,000. Finally, Invesco Ltd. lifted its stake in Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after purchasing an additional 35,258 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. BNP Paribas Exane set a $255.00 price objective on Vistra in a research report on Wednesday, August 19th. Morgan Stanley raised their price objective on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Weiss Ratings cut Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vistra presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.53.

Read Our Latest Stock Analysis on Vistra

Vistra Stock Performance

Shares of Vistra stock opened at $140.28 on Thursday. The company’s 50 day moving average price is $152.62 and its two-hundred day moving average price is $155.68. The firm has a market capitalization of $47.08 billion, a P/E ratio of 23.70 and a beta of 1.41. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87.

Vistra (NYSE:VSTGet Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. On average, equities analysts forecast that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.54%.

Insider Transactions at Vistra

In other Vistra 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 value of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares in the company, 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% decrease in their position. 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 36,588 shares of company stock worth $5,914,427 in the last 90 days. 0.92% of the stock is currently owned by company 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

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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