Vinva Investment Management Ltd Takes Position in Vistra Corp. $VST

Vinva Investment Management Ltd bought a new position in Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,350 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds have also added to or reduced their stakes in VST. Bridgewater Advisors Inc. increased its position in shares of Vistra by 4.0% during the 2nd quarter. Bridgewater Advisors Inc. now owns 1,734 shares of the company’s stock valued at $333,000 after purchasing an additional 67 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Vistra by 2.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,256 shares of the company’s stock worth $631,000 after acquiring an additional 71 shares during the last quarter. Fogel Capital Management Inc. increased its stake in shares of Vistra by 0.9% in the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company’s stock worth $1,531,000 after purchasing an additional 72 shares in the last quarter. Red Mountain Financial LLC lifted its position in Vistra by 3.1% during the second quarter. Red Mountain Financial LLC now owns 2,435 shares of the company’s stock valued at $472,000 after purchasing an additional 74 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Vistra by 3.1% in the second quarter. Parallel Advisors LLC now owns 2,528 shares of the company’s stock worth $490,000 after buying an additional 75 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO James A. Burke sold 21,935 shares of Vistra stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $186.53, for a total transaction of $4,091,535.55. Following the completion of the transaction, the chief executive officer directly owned 271,074 shares of the company’s stock, valued at approximately $50,563,433.22. The trade was a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephanie Zapata Moore sold 8,219 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $173.35, for a total value of $1,424,763.65. Following the completion of the sale, the executive vice president owned 79,854 shares in the company, valued at approximately $13,842,690.90. The trade was a 9.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 868,339 shares of company stock worth $173,242,584. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VST shares. Melius started coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 target price for the company. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, September 17th. Daiwa America raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 17th. Evercore ISI raised their price target on Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, TD Cowen started coverage on Vistra in a research note on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Vistra has a consensus rating of “Buy” and an average target price of $233.20.

Vistra Stock Performance

Vistra stock opened at $179.00 on Friday. The company’s 50-day moving average price is $191.92 and its 200-day moving average price is $189.01. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 5.74. The company has a market cap of $60.65 billion, a PE ratio of 64.62, a price-to-earnings-growth ratio of 3.08 and a beta of 1.30. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82.

Vistra (NYSE:VST) last announced its earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a return on equity of 64.04% and a net margin of 6.70%.The company had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. On average, equities research analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a $0.227 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s payout ratio is currently 32.49%.

Vistra Company Profile

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.