Eventide Asset Management LLC Has $78.71 Million Holdings in Vistra Corp. $VST

Eventide Asset Management LLC boosted its stake in shares of Vistra Corp. (NYSE:VST) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 487,636 shares of the company’s stock after buying an additional 24,795 shares during the period. Vistra comprises 1.2% of Eventide Asset Management LLC’s investment portfolio, making the stock its 18th largest holding. Eventide Asset Management LLC’s holdings in Vistra were worth $78,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of VST. Norges Bank purchased a new position in Vistra during the 4th quarter valued at about $746,729,000. Capital World Investors bought a new stake in shares of Vistra in the 4th quarter valued at approximately $574,499,000. Rubric Capital Management LP bought a new stake in shares of Vistra in the 4th quarter valued at approximately $322,660,000. Palidye Holdings Caymans Ltd bought a new stake in shares of Vistra in the 2nd quarter valued at approximately $145,987,000. Finally, Situational Awareness LP grew its stake in shares of Vistra by 142.3% in the 2nd quarter. Situational Awareness LP now owns 1,274,178 shares of the company’s stock valued at $246,948,000 after buying an additional 748,332 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In other news, CAO Margaret Montemayor sold 5,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on VST shares. Raymond James Financial set a $208.00 price target on Vistra in a research note on Monday, April 27th. JPMorgan Chase & Co. lowered their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. Wells Fargo & Company lowered their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $190.00 price target on shares of Vistra in a research note on Thursday, May 21st. One investment analyst has 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, the company presently has an average rating of “Buy” and a consensus price target of $233.33.

Vistra Stock Up 1.1%

Shares of VST stock opened at $148.01 on Friday. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The firm has a market cap of $49.91 billion, a PE ratio of 24.79 and a beta of 1.40. The stock has a 50 day moving average of $153.53 and a 200-day moving average of $160.20. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51.

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

Vistra Increases Dividend

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

About Vistra

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.