Vistra Corp. $VST Shares Purchased by Coatue Management LLC

Coatue Management LLC raised its stake in Vistra Corp. (NYSE:VST) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 512,811 shares of the company’s stock after purchasing an additional 36,642 shares during the period. Coatue Management LLC owned 0.15% of Vistra worth $100,470,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Vistra during the 2nd quarter worth approximately $930,080,000. Alkeon Capital Management LLC grew its position in shares of Vistra by 280.6% in the 2nd quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock valued at $262,876,000 after buying an additional 1,000,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Vistra by 15.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock valued at $1,392,299,000 after buying an additional 930,912 shares during the last quarter. Invesco Ltd. raised its stake in 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 acquiring an additional 913,350 shares in the last quarter. Finally, Palidye Holdings Caymans Ltd purchased a new stake in Vistra in the second quarter valued at $145,987,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley restated an “overweight” rating and issued a $215.00 price objective on shares of Vistra in a research note on Friday, February 20th. The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 target price for the company in a report on Friday, February 6th. JPMorgan Chase & Co. decreased their target price on Vistra from $249.00 to $233.00 and set an “overweight” rating for the company in a research report on Tuesday, December 16th. BMO Capital Markets restated an “outperform” rating and set a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. Finally, Bank of America cut their price target on Vistra from $231.00 to $218.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $236.40.

Insider Buying and Selling

In other Vistra news, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the sale, the executive vice president owned 114,409 shares of the company’s stock, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.42% of the stock is currently owned by insiders.

Vistra Stock Performance

Shares of VST opened at $159.09 on Friday. The stock has a market capitalization of $53.90 billion, a P/E ratio of 73.31, a P/E/G ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.69 and a current ratio of 0.78. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company’s fifty day moving average is $163.48 and its two-hundred day moving average is $178.34.

Vistra (NYSE:VST) last released its earnings results on Thursday, February 26th. The company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.27). The firm had revenue of $4.58 billion during the quarter, compared to analyst estimates of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. On average, sell-side analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a $0.228 dividend. The ex-dividend date is Friday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. Vistra’s payout ratio is 41.94%.

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.