IPG Investment Advisors LLC lifted its stake in Vistra Corp. (NYSE:VST – Free Report) by 64.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,457 shares of the company’s stock after acquiring an additional 9,957 shares during the period. IPG Investment Advisors LLC’s holdings in Vistra were worth $3,522,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of VST. BlackRock Inc. acquired a new position in Vistra during the 2nd quarter valued at $4,610,496,000. State Street Corp boosted its holdings in Vistra by 0.5% in the 2nd quarter. State Street Corp now owns 16,850,452 shares of the company’s stock valued at $2,672,987,000 after purchasing an additional 79,972 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Vistra by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,436,880 shares of the company’s stock valued at $516,616,000 after purchasing an additional 32,982 shares during the period. Bank of America Corp DE acquired a new stake in Vistra in the 2nd quarter worth $468,354,000. Finally, Bank of New York Mellon Corp acquired a new stake in Vistra in the 2nd quarter worth $381,938,000. Institutional investors own 90.88% of the company’s stock.
Insider Buying and Selling
In other news, EVP Scott Hudson sold 44,444 shares of Vistra stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $151.82, for a total value of $6,747,488.08. Following the completion of the transaction, the executive vice president owned 331,137 shares in the company, valued at approximately $50,273,219.34. The trade was a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James A. Burke acquired 4,465 shares of Vistra stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $135.25 per share, for a total transaction 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 represents a 0.39% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.92% of the company’s stock.
Vistra Trading Up 3.8%
Shares of Vistra stock opened at $139.66 on Wednesday. The stock has a market capitalization of $46.88 billion, a P/E ratio of 23.59 and a beta of 1.37. 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 company has a 50-day simple moving average of $145.11 and a 200 day simple moving average of $153.38. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $196.80.
Vistra (NYSE:VST – Get 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). The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Research analysts expect that Vistra Corp. will post 9.19 earnings per share for the current fiscal year.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 22nd will be issued a dividend of $0.2310 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. Vistra’s dividend payout ratio (DPR) is 15.54%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Vistra from $196.00 to $194.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Williams Trading set a $202.00 target price on shares of Vistra in a research note on Friday, October 2nd. The Goldman Sachs Group set a $206.00 target price on Vistra in a research report on Wednesday, August 12th. Raymond James Financial set a $176.00 price target on Vistra in a research note on Wednesday, October 21st. Finally, Lake Street Capital set a $194.00 price target on Vistra in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.
View Our Latest Stock Analysis on VST
About Vistra
Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.
Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.
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