DSC Meridian Capital LP Acquires 48,350 Shares of Vistra Corp. $VST

DSC Meridian Capital LP increased its holdings in shares of Vistra Corp. (NYSE:VST) by 48.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,699 shares of the company’s stock after purchasing an additional 48,350 shares during the period. Vistra accounts for about 5.5% of DSC Meridian Capital LP’s holdings, making the stock its 9th biggest holding. DSC Meridian Capital LP’s holdings in Vistra were worth $23,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra in the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Vistra in the fourth quarter valued at about $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Vistra during the 4th quarter valued at about $30,000. Triumph Capital Management acquired a new position in Vistra during the 3rd quarter worth approximately $38,000. Finally, Strive Asset Management LLC acquired a new position in Vistra during the 3rd quarter worth approximately $38,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Price Performance

Shares of NYSE VST opened at $135.74 on Tuesday. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The business has a 50 day moving average price of $153.38 and a two-hundred day moving average price of $155.72. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The firm has a market cap of $45.56 billion, a PE ratio of 22.93 and a beta of 1.41.

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

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.23 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s dividend payout ratio is currently 15.54%.

Analyst Upgrades and Downgrades

VST has been the subject of several recent research reports. Mizuho assumed coverage on shares of Vistra in a research report on Monday. They issued an “outperform” rating and a $169.00 price objective for the company. Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Jefferies Financial Group restated a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Morgan Stanley lifted their price target on shares of Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $223.53.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 244 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director directly owned 53,006 shares in the company, valued at $8,109,918. This represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 41,588 shares of company stock valued at $6,739,227. Insiders own 0.92% of the company’s stock.

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.