Northeast Investment Management acquired a new position in Vistra Corp. (NYSE:VST – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,774 shares of the company’s stock, valued at approximately $1,416,000.
Several other large investors have also recently made changes to their positions in the stock. Bridgewater Advisors Inc. lifted its holdings in shares of Vistra by 3.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after acquiring an additional 53 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of Vistra by 7.1% in the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after acquiring an additional 61 shares during the last quarter. Equitable Holdings Inc. lifted its holdings in shares of Vistra by 0.9% in the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after acquiring an additional 61 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Vistra by 2.0% in the 3rd quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock worth $642,000 after acquiring an additional 63 shares during the last quarter. Finally, Wealth Effects LLC lifted its holdings in shares of Vistra by 1.1% in the 3rd quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock worth $1,133,000 after acquiring an additional 65 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Vistra
In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the sale, the executive vice president directly owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. This represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.92% of the company’s stock.
Vistra Price Performance
Vistra (NYSE:VST – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. On average, research analysts forecast that Vistra Corp. will post 9.16 earnings per share for the current fiscal year.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.24%.
Analyst Upgrades and Downgrades
VST has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Jefferies Financial Group upgraded shares of Vistra from a “hold” rating to a “buy” rating and upped their price objective for the stock from $191.00 to $203.00 in a report on Tuesday, February 10th. BMO Capital Markets restated an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a report on Monday, March 2nd. Raymond James Financial set a $208.00 target price on shares of Vistra in a research note on Monday, April 27th. Finally, Wells Fargo & Company cut their target price on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus price target of $233.93.
View Our Latest Analysis on Vistra
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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