Atria Investments Inc purchased a new stake in Vistra Corp. (NYSE:VST – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 24,056 shares of the company’s stock, valued at approximately $1,675,000.
A number of other institutional investors also recently modified their holdings of VST. New Covenant Trust Company N.A. bought a new position in Vistra in the first quarter valued at about $32,000. Zimmer Partners LP bought a new stake in shares of Vistra during the 1st quarter valued at approximately $45,447,000. iA Global Asset Management Inc. increased its position in Vistra by 1,493.6% during the 1st quarter. iA Global Asset Management Inc. now owns 114,259 shares of the company’s stock worth $7,958,000 after purchasing an additional 107,089 shares in the last quarter. Hancock Whitney Corp lifted its stake in Vistra by 5.1% in the 1st quarter. Hancock Whitney Corp now owns 90,200 shares of the company’s stock valued at $6,282,000 after purchasing an additional 4,395 shares during the last quarter. Finally, Castleark Management LLC acquired a new stake in Vistra in the first quarter valued at approximately $297,000. Institutional investors and hedge funds own 90.88% of the company’s stock.
Insider Buying and Selling at Vistra
In related news, Director Lisa Crutchfield acquired 335 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $89.46 per share, with a total value of $29,969.10. Following the transaction, the director now directly owns 32,186 shares of the company’s stock, valued at $2,879,359.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.42% of the company’s stock.
Vistra Trading Down 10.1 %
VST opened at $65.11 on Monday. The stock has a market cap of $22.62 billion, a PE ratio of 44.44 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06. Vistra Corp. has a twelve month low of $28.39 and a twelve month high of $107.24. The company has a fifty day moving average of $86.59 and a 200-day moving average of $71.96.
Vistra (NYSE:VST – Get Free Report) last issued its quarterly earnings results 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 business had revenue of $3.05 billion during 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%. On average, sell-side analysts predict that Vistra Corp. will post 4.86 EPS for the current year.
Vistra Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.2195 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.35%. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 53.37%.
Analyst Ratings Changes
VST has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. BMO Capital Markets increased their target price on Vistra from $79.00 to $109.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Guggenheim upgraded Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Janney Montgomery Scott started coverage on shares of Vistra in a report on Thursday, April 18th. They issued a “buy” rating and a $82.00 price objective for the company. Finally, UBS Group boosted their target price on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $87.83.
View Our Latest Analysis on VST
About Vistra
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.
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