51,412 Shares in Vistra Corp. $VST Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Vistra Corp. (NYSE:VST) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 51,412 shares of the company’s stock, valued at approximately $10,073,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Vistra by 1.4% during the 2nd quarter. State Street Corp now owns 16,660,027 shares of the company’s stock valued at $3,228,880,000 after acquiring an additional 226,514 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Vistra by 15.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock valued at $1,392,299,000 after purchasing an additional 930,912 shares in the last quarter. Lone Pine Capital LLC raised its holdings in shares of Vistra by 40.5% during the second quarter. Lone Pine Capital LLC now owns 6,469,719 shares of the company’s stock valued at $1,253,896,000 after purchasing an additional 1,864,931 shares during the period. Norges Bank acquired a new position in shares of Vistra during the second quarter valued at about $930,080,000. Finally, Invesco Ltd. boosted its position in shares of Vistra by 25.2% during the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after purchasing an additional 913,350 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the sale, the executive vice president owned 306,600 shares in the company, valued at $51,772,476. This represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James A. Burke sold 22,251 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the completion of the sale, the chief executive officer owned 297,998 shares of the company’s stock, valued at approximately $48,290,575.90. This represents a 6.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 196,794 shares of company stock valued at $34,784,876 over the last quarter. 1.42% of the stock is owned by insiders.

Vistra Stock Performance

Shares of VST opened at $160.08 on Friday. The firm has a market capitalization of $54.24 billion, a P/E ratio of 57.79, a P/E/G ratio of 0.99 and a beta of 1.41. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The stock has a 50 day moving average price of $167.47 and a two-hundred day moving average price of $186.84. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99.

Vistra (NYSE:VST) last posted its earnings results on Friday, November 7th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. Equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a dividend of $0.227 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 22nd. This represents a $0.91 annualized dividend and a yield of 0.6%. Vistra’s dividend payout ratio (DPR) is 32.85%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VST. UBS Group boosted their target price on Vistra from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Monday, January 12th. BMO Capital Markets raised their price objective on Vistra from $230.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Morgan Stanley set a $227.00 price objective on Vistra in a report on Wednesday. Wells Fargo & Company cut their target price on Vistra from $238.00 to $236.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vistra in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $239.20.

Vistra Company 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.