Vinva Investment Management Ltd Acquires 17,840 Shares of Vistra Corp. (NYSE:VST)

Vinva Investment Management Ltd raised its holdings in shares of Vistra Corp. (NYSE:VSTFree Report) by 33.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,925 shares of the company’s stock after purchasing an additional 17,840 shares during the period. Vinva Investment Management Ltd’s holdings in Vistra were worth $2,792,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stephens Inc. AR increased its position in Vistra by 633.7% during the 4th quarter. Stephens Inc. AR now owns 58,668 shares of the company’s stock valued at $2,260,000 after buying an additional 50,672 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Vistra by 1.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 71,234 shares of the company’s stock worth $2,744,000 after purchasing an additional 814 shares in the last quarter. Eisler Capital UK Ltd. bought a new stake in Vistra during the 4th quarter valued at about $209,000. Bank of Nova Scotia raised its holdings in Vistra by 610.8% in the fourth quarter. Bank of Nova Scotia now owns 160,758 shares of the company’s stock worth $6,192,000 after buying an additional 138,142 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its stake in shares of Vistra by 34,518.4% in the fourth quarter. TFO Wealth Partners LLC now owns 13,155 shares of the company’s stock worth $507,000 after buying an additional 13,117 shares in the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VST shares. Janney Montgomery Scott initiated coverage on Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 price target for the company. Guggenheim raised shares of Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. UBS Group boosted their price objective on shares of Vistra from $85.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Evercore ISI increased their price objective on shares of Vistra from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, BMO Capital Markets lifted their target price on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. 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, the stock presently has an average rating of “Buy” and an average price target of $87.83.

View Our Latest Report on Vistra

Vistra Stock Performance

NYSE VST traded down $1.19 on Friday, reaching $85.07. 8,785,041 shares of the stock were exchanged, compared to its average volume of 7,600,544. 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 Corp. has a one year low of $24.60 and a one year high of $107.24. The firm has a market capitalization of $29.56 billion, a PE ratio of 52.19 and a beta of 1.03. The company’s 50-day simple moving average is $82.60 and its two-hundred day simple moving average is $58.16.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a dividend of $0.218 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.87 annualized dividend and a dividend yield of 1.03%. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is currently 52.76%.

Insider Buying and Selling

In related news, EVP Carrie Lee Kirby sold 72,748 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Scott A. Hudson sold 86,517 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were 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 legal filing with the SEC, which is available through the SEC website. Also, EVP Carrie Lee Kirby sold 72,748 shares of the business’s 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 sale, the executive vice president now directly owns 184,201 shares in the company, valued at $11,536,508.63. The disclosure for this sale can be found here. 1.42% of the stock is owned by insiders.

Vistra Profile

(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

Institutional Ownership by Quarter for Vistra (NYSE:VST)

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