Oppenheimer Asset Management Inc. acquired a new position in Vistra Corp. (NYSE:VST – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,303 shares of the company’s stock, valued at approximately $683,000.
A number of other institutional investors have also recently bought and sold shares of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Vistra in the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Vistra during the fourth quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in Vistra during the fourth quarter valued at approximately $30,000. Strive Financial Group LLC acquired a new position in Vistra in the 4th quarter valued at approximately $33,000. Finally, Salomon & Ludwin LLC increased its stake in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 92 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Vistra Stock Performance
Shares of VST opened at $146.58 on Tuesday. The company’s fifty day moving average is $154.14 and its 200-day moving average is $156.42. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The firm has a market cap of $49.20 billion, a price-to-earnings ratio of 24.76 and a beta of 1.41. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87.
Vistra Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio is 15.54%.
Insider Buying and Selling
In other news, Director Paul M. Barbas sold 244 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their position. The sale 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, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares in the company, valued at $12,021,380. The trade was a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 41,588 shares of company stock worth $6,739,227 over the last ninety days. 0.92% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on VST shares. Morgan Stanley lifted their target price on shares of Vistra from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $206.00 price objective on Vistra in a report on Wednesday, August 12th. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Zacks Research upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Scotiabank upped their target price on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Three equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $228.56.
Get Our Latest Stock Analysis on VST
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.
Featured Stories
- Five stocks we like better than Vistra
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Vistra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vistra and related companies with MarketBeat.com's FREE daily email newsletter.
