Engineers Gate Manager LP lessened its holdings in shares of Vistra Corp. (NYSE:VST – Free Report) by 38.3% in the second quarter, HoldingsChannel reports. The fund owned 30,266 shares of the company’s stock after selling 18,796 shares during the period. Engineers Gate Manager LP’s holdings in Vistra were worth $4,801,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of VST. California State Teachers Retirement System raised its stake in shares of Vistra by 15,825.6% during the second quarter. California State Teachers Retirement System now owns 62,386,324 shares of the company’s stock valued at $9,896,343,000 after purchasing an additional 61,994,589 shares in the last quarter. BlackRock Inc. bought a new position in Vistra during the 2nd quarter valued at $4,610,496,000. Norges Bank acquired a new position in shares of Vistra during the 4th quarter valued at $746,729,000. Capital World Investors acquired a new position in shares of Vistra during the 4th quarter valued at $574,499,000. Finally, Bank of America Corp DE bought a new stake in shares of Vistra in the 2nd quarter worth $468,354,000. Institutional investors own 90.88% of the company’s stock.
Key Vistra News
Here are the key news stories impacting Vistra this week:
- Positive Sentiment: Vistra priced $850 million of Series A and $650 million of Series B junior subordinated notes due 2057. Proceeds will support general corporate purposes and could be used to redeem outstanding preferred stock, potentially improving the capital structure. Vistra Prices Registered Offering of $1.5 Billion of Junior Subordinated Notes
- Positive Sentiment: Analysts remain optimistic about Vistra’s growth prospects. Hedging, long-term power contracts, its diversified generation portfolio and rising electricity demand from data centers, industrial activity and electrification support earnings visibility. The Cogentrix acquisition and long-term nuclear agreements with Meta and Amazon Web Services are additional potential catalysts. Vistra: Cogentrix and Meta Can Offset a Softer ERCOT Outlook
- Positive Sentiment: Wall Street’s consensus view remains favorable, with a Moderate Buy rating and price targets generally well above the recent trading range. Commentators cite improving EBITDA expectations and potential upside to management’s outlook. Vistra Receives Consensus Recommendation of Moderate Buy
- Neutral Sentiment: Executive Vice President Scott Hudson sold 44,444 shares worth approximately $6.75 million. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan, it is a limited signal of management’s current outlook. SEC Insider Transaction Filing
- Negative Sentiment: The notes increase Vistra’s financing obligations while the company already has substantial leverage, reflected in a debt-to-equity ratio of 5.87. Investors may also be concerned about softer ERCOT conditions and the additional leverage associated with the Cogentrix acquisition. VST Stock Outperforms Industry in the Past Three Months
Wall Street Analyst Weigh In
View Our Latest Analysis on VST
Vistra Stock Performance
VST opened at $148.12 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The firm has a market cap of $49.71 billion, a PE ratio of 25.02 and a beta of 1.40. The business has a fifty day simple moving average of $148.81 and a 200-day simple moving average of $154.04. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82.
Vistra (NYSE:VST – Get Free Report) last announced its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts predict that Vistra Corp. will post 9.21 EPS for the current fiscal year.
Vistra Increases Dividend
The company 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 $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s payout ratio is 15.54%.
Insiders Place Their Bets
In other news, CEO James Burke acquired 4,465 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $135.25 per share, with a total value of $603,891.25. Following the purchase, the chief executive officer owned 1,146,352 shares of the company’s stock, valued at approximately $155,044,108. This trade represents a 0.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the transaction, the director owned 70,714 shares in the company, valued at approximately $12,021,380. The trade was a 8.42% 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. Insiders sold a total of 76,188 shares of company stock valued at $11,889,820 over the last 90 days. 0.92% of the stock is owned by corporate insiders.
About Vistra
Vistra Corp. is an integrated energy company headquartered in Irving, Texas. The company operates electricity generation and retail energy businesses, serving residential, commercial, industrial and wholesale customers primarily across the United States.
Vistra’s generation portfolio includes natural gas, nuclear, coal, solar and battery energy storage facilities. Through its retail operations, the company provides electricity, natural gas and renewable energy plans under brands that include TXU Energy, Dynegy, Homefield Energy and Ambit Energy.
The company was established in 2016 following the separation of Energy Future Holdings’ competitive energy businesses.
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