Pallas Capital Advisors LLC Acquires Shares of 59,534 Vistra Corp. $VST

Pallas Capital Advisors LLC acquired a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 59,534 shares of the company’s stock, valued at approximately $9,444,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VST. Norges Bank acquired a new position in shares of Vistra in the fourth quarter worth $746,729,000. Capital World Investors acquired a new stake in Vistra in the 4th quarter worth approximately $574,499,000. Bank of New York Mellon Corp bought a new stake in shares of Vistra during the 2nd quarter worth $381,938,000. Rubric Capital Management LP acquired a new stake in shares of Vistra in the fourth quarter valued at about $322,660,000. Finally, Deutsche Bank AG bought a new position in Vistra in the 2nd quarter worth approximately $138,267,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Price Performance

Vistra stock opened at $146.58 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The company has a market capitalization of $49.20 billion, a price-to-earnings ratio of 24.76 and a beta of 1.41. The stock’s 50 day moving average is $154.14 and its 200-day moving average is $156.42. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Equities research analysts expect that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.23 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s payout ratio is currently 15.54%.

Insider Buying and Selling at Vistra

In other news, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the transaction, the chief accounting officer owned 14,360 shares in the company, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,588 shares of company stock worth $6,739,227 in the last 90 days. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Seaport Research Partners reissued a “buy” rating and issued a $230.00 target price on shares of Vistra in a report on Monday, June 15th. Sanford C. Bernstein set a $187.00 price objective on shares of Vistra and gave the company an “outperform” rating in a research report on Tuesday, June 16th. UBS Group dropped their target price on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Finally, Zacks Research upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $228.56.

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.