UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Vistra Corp. (NYSE:VST – Free Report) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,639,022 shares of the company’s stock after acquiring an additional 69,369 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vistra were worth $259,998,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the 4th quarter worth $25,000. Mcguire Capital Advisors Inc. acquired a new position in Vistra in the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra in the fourth quarter valued at $30,000. Strive Financial Group LLC purchased a new position in Vistra during the fourth quarter worth about $33,000. Finally, IFC & Insurance Marketing Inc. purchased a new position in Vistra during the fourth quarter worth about $35,000. 90.88% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
VST has been the subject of several recent analyst reports. Sanford C. Bernstein set a $187.00 price target on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. Weiss Ratings cut shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Scotiabank boosted their target price on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Finally, Mizuho started coverage on shares of Vistra in a research report on Monday, August 24th. They set an “outperform” rating and a $169.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $223.53.
Vistra Price Performance
VST stock opened at $137.45 on Tuesday. The stock has a 50-day moving average price of $151.02 and a two-hundred day moving average price of $155.34. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The company has a market cap of $46.13 billion, a PE ratio of 23.22 and a beta of 1.41.
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The firm 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 9.21 EPS for the current year.
Vistra Increases Dividend
The firm also recently announced 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 of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. Vistra’s dividend payout ratio is currently 15.54%.
Insider Buying and Selling
In other Vistra news, Director John R. Sult sold 6,500 shares of the business’s stock in a transaction that occurred on 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 directly owned 70,714 shares in the company, valued at $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 transaction 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 represents a 0.46% 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. In the last quarter, insiders sold 31,988 shares of company stock valued at $5,178,427. 0.92% of the stock is currently owned by corporate insiders.
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.
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