N10 Assets LLC Acquires Shares of 41,492 Vistra Corp. $VST

N10 Assets LLC acquired a new stake in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, HoldingsChannel reports. The fund acquired 41,492 shares of the company’s stock, valued at approximately $6,582,000. Vistra comprises about 2.8% of N10 Assets LLC’s holdings, making the stock its 16th biggest holding.

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

Vistra Stock Down 0.1%

VST stock opened at $139.90 on Friday. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The business’s 50 day moving average price is $152.15 and its two-hundred day moving average price is $155.61. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The company has a market capitalization of $46.96 billion, a price-to-earnings ratio of 23.63 and a beta of 1.41.

Vistra (NYSE:VST) last announced its earnings results 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). The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, analysts forecast that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio is currently 15.54%.

Insider Transactions at Vistra

In other news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. This represents a 32.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of 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 ownership of the stock. 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 a total of 36,588 shares of company stock worth $5,914,427 in the last ninety days. 0.92% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VST shares. TD Cowen reduced their target price on Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $212.00 price target on shares of Vistra in a research note on Monday, August 10th. Morgan Stanley lifted their price target on shares of Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, August 21st. BNP Paribas Exane set a $255.00 price objective on shares of Vistra in a research report on Wednesday, August 19th. Finally, Zacks Research lowered shares of Vistra from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and an average price target of $223.53.

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.