Intrust Bank NA Purchases Shares of 1,111 Vistra Corp. $VST

Intrust Bank NA acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,111 shares of the company’s stock, valued at approximately $215,000.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in Vistra by 4.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,175,553 shares of the company’s stock worth $1,196,884,000 after buying an additional 258,983 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Vistra by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after acquiring an additional 11,386 shares in the last quarter. Northern Trust Corp lifted its position in shares of Vistra by 1.9% in the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock worth $362,166,000 after acquiring an additional 57,358 shares during the period. Nuveen LLC bought a new stake in shares of Vistra in the 1st quarter worth approximately $209,149,000. Finally, Jennison Associates LLC grew its holdings in shares of Vistra by 23.8% during the 2nd quarter. Jennison Associates LLC now owns 1,712,726 shares of the company’s stock worth $331,943,000 after purchasing an additional 329,294 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Transactions at Vistra

In related news, EVP Scott A. Hudson sold 56,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $168.86, for a total transaction of $9,456,160.00. Following the sale, the executive vice president directly owned 306,600 shares in the company, valued at $51,772,476. This represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carrie Lee Kirby sold 58,275 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $174.75, for a total value of $10,183,556.25. Following the sale, the executive vice president directly owned 218,239 shares of the company’s stock, valued at $38,137,265.25. This represents a 21.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 860,120 shares of company stock valued at $171,817,820 in the last three months. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VST has been the subject of a number of recent research reports. Cowen assumed coverage on Vistra in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. UBS Group increased their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price objective for the company. Scotiabank assumed coverage on shares of Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 target price on the stock. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $230.00 price target (down previously from $241.00) on shares of Vistra in a research report on Monday, September 22nd. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vistra currently has a consensus rating of “Buy” and a consensus price target of $234.21.

Vistra Stock Up 2.7%

Shares of NYSE:VST opened at $179.15 on Thursday. The company’s fifty day moving average is $196.82 and its 200-day moving average is $187.48. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a market capitalization of $60.70 billion, a PE ratio of 64.67, a P/E/G ratio of 2.18 and a beta of 1.30.

Vistra (NYSE:VST) last announced its earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to analyst estimates of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. Equities research analysts predict that Vistra Corp. will post 7 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, December 31st. Stockholders of record on Monday, December 22nd will be paid a $0.227 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. Vistra’s dividend payout ratio is presently 32.49%.

Vistra Company 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.