Rakuten Investment Management Inc. bought a new position in shares of Vistra Corp. (NYSE:VST – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 53,084 shares of the company’s stock, valued at approximately $8,620,000.
Several other large investors have also recently modified their holdings of the business. Empowered Funds LLC bought a new stake in shares of Vistra in the second quarter valued at approximately $89,336,000. United Capital Financial Advisors LLC bought a new position in Vistra in the 2nd quarter worth approximately $2,088,000. Brooks Moore & Associates Inc. bought a new position in Vistra in the 2nd quarter worth approximately $270,000. Equitable Holdings Inc. purchased a new position in Vistra in the 2nd quarter valued at approximately $4,097,000. Finally, Centaurus Financial Inc. purchased a new position in Vistra in the 2nd quarter valued at approximately $2,090,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.
Vistra Price Performance
VST stock opened at $137.16 on Friday. The firm has a 50 day simple moving average of $151.62 and a two-hundred day simple moving average of $155.48. The stock has a market cap of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87.
Vistra Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.23 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. Vistra’s dividend payout ratio is currently 15.54%.
Analyst Ratings Changes
Several research firms have issued reports on VST. Wells Fargo & Company restated an “overweight” rating and set a $212.00 target price on shares of Vistra in a research report on Monday, August 10th. Mizuho began coverage on Vistra in a research report on Monday, August 24th. They issued an “outperform” rating and a $169.00 price target for the company. Morgan Stanley boosted their price objective on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Scotiabank increased 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. Finally, Zacks Research downgraded Vistra from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Vistra currently has a consensus rating of “Moderate Buy” and an average target price of $223.53.
Check Out Our Latest Research Report on Vistra
Insider Buying and Selling at Vistra
In other news, Director Paul M. Barbas sold 244 shares of the firm’s 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 directly owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction dated Thursday, June 18th. The stock was 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 owned 70,714 shares in the company, valued at approximately $12,021,380. This represents a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,588 shares of company stock worth $5,914,427 in the last quarter. 0.92% of the stock is currently owned by company insiders.
Vistra Profile
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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