Rubric Capital Management LP lessened its position in Vistra Corp. (NYSE:VST – Free Report) by 25.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,500,000 shares of the company’s stock after selling 500,000 shares during the period. Vistra makes up 2.4% of Rubric Capital Management LP’s investment portfolio, making the stock its 8th largest holding. Rubric Capital Management LP’s holdings in Vistra were worth $225,495,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in VST. Norges Bank acquired a new position in shares of Vistra during the fourth quarter worth about $746,729,000. Capital World Investors acquired a new stake in Vistra in the fourth quarter valued at about $574,499,000. Amundi lifted its position in Vistra by 72.3% in the fourth quarter. Amundi now owns 1,949,568 shares of the company’s stock valued at $314,524,000 after purchasing an additional 817,876 shares during the period. Corient Private Wealth LLC boosted its holdings in Vistra by 585.0% in the 4th quarter. Corient Private Wealth LLC now owns 907,611 shares of the company’s stock valued at $146,425,000 after purchasing an additional 775,104 shares in the last quarter. Finally, Palidye Holdings Caymans Ltd acquired a new position in Vistra during the 2nd quarter worth approximately $145,987,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.
Insider Transactions at Vistra
In other Vistra news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the sale, the director owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the transaction, the chief accounting officer owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. This represents a 25.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 41,588 shares of company stock valued at $6,739,227. Company insiders own 0.92% of the company’s stock.
Vistra Trading Down 3.8%
Vistra (NYSE:VST – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, research analysts predict that Vistra Corp. will post 9.52 earnings per share for the current fiscal year.
Vistra Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a $0.229 dividend. This represents a $0.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is 15.41%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on VST. Jefferies Financial Group reissued a “buy” rating and set a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. TD Cowen decreased their price target on Vistra from $230.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday. Scotiabank upped their price objective on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. cut their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein set a $187.00 target price on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus target price of $230.12.
Get Our Latest Report 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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