Nordea Investment Management AB Has $3.39 Million Position in Vistra Corp. $VST

Nordea Investment Management AB raised its position in Vistra Corp. (NYSE:VST) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,471 shares of the company’s stock after acquiring an additional 313 shares during the quarter. Nordea Investment Management AB’s holdings in Vistra were worth $3,388,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. lifted its stake in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company’s stock worth $27,000 after buying an additional 168 shares during the last quarter. Banque Transatlantique SA lifted its stake in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after buying an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after buying an additional 78 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Vistra by 104.3% during the 2nd quarter. LRI Investments LLC now owns 286 shares of the company’s stock worth $55,000 after buying an additional 146 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of Vistra during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Vistra in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Morgan Stanley lifted their price objective on shares of Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. UBS Group lifted their price objective on shares of Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Wall Street Zen cut shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $229.31.

Vistra Price Performance

Shares of NYSE:VST opened at $186.29 on Wednesday. The firm has a 50 day moving average of $200.00 and a 200-day moving average of $177.06. The stock has a market capitalization of $63.12 billion, a PE ratio of 29.71, a PEG ratio of 2.76 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12 month low of $90.51 and a 12 month high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, equities research analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th were given a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, September 19th. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 14.35%.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 632,966 shares of company stock valued at $130,462,677. 1.42% of the stock is currently owned by insiders.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.