Vistra Corp. $VST Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its stake in shares of Vistra Corp. (NYSE:VST) by 45.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,355 shares of the company’s stock after purchasing an additional 8,875 shares during the quarter. Vise Technologies Inc.’s holdings in Vistra were worth $3,923,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Vistra in the 2nd quarter worth $4,610,496,000. State Street Corp raised its position in shares of Vistra by 0.5% during the second quarter. State Street Corp now owns 16,850,452 shares of the company’s stock valued at $2,672,987,000 after buying an additional 79,972 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vistra by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,436,880 shares of the company’s stock valued at $516,616,000 after buying an additional 32,982 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Vistra during the second quarter valued at about $468,354,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Vistra in the second quarter valued at about $381,938,000. 90.88% of the stock is owned by institutional investors.

Insider Transactions at Vistra

In related news, CEO James A. Burke acquired 4,465 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of $135.25 per share, with a total value of $603,891.25. Following the completion of the acquisition, the chief executive officer owned 1,146,352 shares of the company’s stock, valued at $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott Hudson sold 44,444 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $151.82, for a total value of $6,747,488.08. Following the completion of the sale, the executive vice president owned 331,137 shares in the company, valued at approximately $50,273,219.34. This represents a 11.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.92% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent research reports. TD Cowen decreased their target price on Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Mizuho started coverage on Vistra in a research note on Monday, August 24th. They set an “outperform” rating and a $169.00 price target on the stock. Williams Trading set a $202.00 price target on Vistra in a report on Friday, October 2nd. Bank of America reduced their price objective on Vistra from $196.00 to $194.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. Finally, HSBC started coverage on Vistra in a report on Thursday, October 22nd. They set a “buy” rating and a $190.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.43.

Vistra Price Performance

NYSE:VST opened at $139.66 on Wednesday. The company has a 50-day moving average of $145.11 and a 200-day moving average of $153.38. The company has a market capitalization of $46.88 billion, a price-to-earnings ratio of 23.59 and a beta of 1.37. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $196.80. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97.

Vistra (NYSE:VST) last issued its earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. As a group, equities research analysts anticipate that Vistra Corp. will post 9.19 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd will be paid a dividend of $0.2310 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, December 22nd. Vistra’s dividend payout ratio is 15.54%.

Vistra Company Profile

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.