Vinva Investment Management Ltd Increases Stock Holdings in Vistra Corp. (NYSE:VST)

Vinva Investment Management Ltd boosted its holdings in Vistra Corp. (NYSE:VSTFree Report) by 33.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 71,925 shares of the company’s stock after buying an additional 17,840 shares during the period. Vinva Investment Management Ltd’s holdings in Vistra were worth $2,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Vistra by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,146,598 shares of the company’s stock worth $236,779,000 after purchasing an additional 300,355 shares during the period. Pacer Advisors Inc. grew its position in Vistra by 19,070.8% during the fourth quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company’s stock valued at $214,426,000 after acquiring an additional 5,537,584 shares during the period. Invesco Ltd. increased its stake in Vistra by 12.5% during the third quarter. Invesco Ltd. now owns 5,190,705 shares of the company’s stock worth $172,228,000 after acquiring an additional 575,799 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Vistra by 6.2% in the 4th quarter. Franklin Resources Inc. now owns 4,797,515 shares of the company’s stock worth $184,800,000 after purchasing an additional 282,056 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of Vistra by 2.4% in the 4th quarter. Clearbridge Investments LLC now owns 4,244,963 shares of the company’s stock valued at $163,516,000 after purchasing an additional 99,055 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In other Vistra news, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the transaction, the executive vice president now directly owns 184,201 shares in the company, valued at $11,536,508.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Scott A. Hudson sold 86,517 shares of Vistra stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $59.11, for a total transaction of $5,114,019.87. Following the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at $15,069,030.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the transaction, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The disclosure for this sale can be found here. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of several research reports. Evercore ISI raised their price target on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. UBS Group lifted their target price on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Morgan Stanley raised their price objective on Vistra from $86.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Janney Montgomery Scott began coverage on Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target for the company. Finally, Guggenheim upgraded shares of Vistra to a “strong-buy” rating in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $87.83.

Get Our Latest Analysis on Vistra

Vistra Stock Down 1.4 %

NYSE VST traded down $1.19 during trading hours on Friday, reaching $85.07. 8,785,041 shares of the company traded hands, compared to its average volume of 7,600,544. The company has a 50 day moving average of $82.60 and a two-hundred day moving average of $58.16. The stock has a market capitalization of $29.56 billion, a PE ratio of 52.19 and a beta of 1.03. Vistra Corp. has a 12 month low of $24.60 and a 12 month high of $107.24. The company has a current ratio of 1.08, a quick ratio of 0.96 and a debt-to-equity ratio of 3.06.

Vistra (NYSE:VSTGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.39). The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. As a group, equities analysts expect that Vistra Corp. will post 3.8 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be given a $0.218 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, June 18th. Vistra’s dividend payout ratio (DPR) is presently 52.76%.

About Vistra

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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