Vistra Corp. $VST Stock Holdings Lifted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in Vistra Corp. (NYSE:VST) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,616 shares of the company’s stock after acquiring an additional 3,764 shares during the period. Mutual of America Capital Management LLC’s holdings in Vistra were worth $9,228,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Vistra by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock worth $492,102,000 after acquiring an additional 11,386 shares in the last quarter. Northern Trust Corp increased its position in shares of Vistra by 1.9% in the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock worth $362,166,000 after acquiring an additional 57,358 shares in the last quarter. Nuveen LLC purchased a new position in shares of Vistra in the first quarter worth approximately $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Vistra by 8.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock worth $172,717,000 after acquiring an additional 118,230 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Vistra by 1.5% in the first quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock worth $155,920,000 after acquiring an additional 19,679 shares in the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

NYSE VST opened at $201.53 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The stock has a market capitalization of $68.28 billion, a PE ratio of 32.14, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. The company has a 50 day moving average price of $200.58 and a two-hundred day moving average price of $176.32. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, equities analysts predict that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 14.35%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Scotiabank started coverage on shares of Vistra in a research report on Monday, September 22nd. They set a “sector outperform” rating and a $256.00 price objective on the stock. UBS Group boosted their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Finally, Morgan Stanley boosted their price objective on shares of Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $229.31.

Insider Activity

In related news, CEO James A. Burke sold 21,355 shares of the company’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $215.21, for a total transaction of $4,595,809.55. Following the completion of the sale, the chief executive officer directly owned 282,597 shares of the company’s stock, valued at approximately $60,817,700.37. This represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 590,228 shares of company stock worth $121,653,740. 1.42% of the stock is currently owned by corporate insiders.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.