Deepwater Asset Management LLC Invests $4.71 Million in Vistra Corp. $VST

Deepwater Asset Management LLC purchased a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, Holdings Channel.com reports. The fund purchased 29,215 shares of the company’s stock, valued at approximately $4,713,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Vistra during the 4th quarter worth approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC raised its position in shares of Vistra by 74.8% during the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after purchasing an additional 92 shares during the period. Triumph Capital Management acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $38,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Vistra during the 3rd quarter worth approximately $38,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Down 0.0%

VST opened at $148.72 on Monday. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The stock has a market cap of $50.15 billion, a P/E ratio of 24.91 and a beta of 1.40. The stock’s 50 day moving average price is $154.21 and its 200 day moving average price is $161.13.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. As a group, research analysts predict that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 15.24%.

Analyst Ratings Changes

A number of analysts have recently weighed in on VST shares. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. TD Cowen lowered their target price on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company lowered their target price on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus target price of $233.33.

Insider Transactions at Vistra

In other Vistra news, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the completion of the transaction, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. This trade represents a 25.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company’s stock.

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.