Legal & General Group Plc Has $285.34 Million Stock Holdings in Vistra Corp. $VST

Legal & General Group Plc raised its holdings in Vistra Corp. (NYSE:VST) by 12.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,768,694 shares of the company’s stock after acquiring an additional 192,274 shares during the quarter. Legal & General Group Plc’s holdings in Vistra were worth $285,343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bridgewater Advisors Inc. grew its holdings in Vistra by 3.1% during the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock worth $350,000 after acquiring an additional 53 shares during the last quarter. Y.D. More Investments Ltd grew its holdings in Vistra by 7.1% during the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after acquiring an additional 61 shares during the last quarter. Equitable Holdings Inc. grew its holdings in Vistra by 0.9% during the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after acquiring an additional 61 shares during the last quarter. Ballentine Partners LLC grew its holdings in Vistra by 2.0% during the 3rd quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock worth $642,000 after acquiring an additional 63 shares during the last quarter. Finally, SOA Wealth Advisors LLC. grew its holdings in Vistra by 21.7% during the 4th quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock worth $59,000 after acquiring an additional 65 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of research analyst reports. Raymond James Financial set a $208.00 price objective on shares of Vistra in a report on Monday, April 27th. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Friday, February 6th. Jefferies Financial Group restated a “buy” rating and set a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Vistra has a consensus rating of “Buy” and a consensus price target of $233.33.

Vistra Stock Performance

Vistra stock opened at $164.17 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The company has a market cap of $55.36 billion, a PE ratio of 27.50 and a beta of 1.43. The company’s 50-day moving average is $154.52 and its two-hundred day moving average is $162.48.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. Equities analysts anticipate that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

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

Insider Buying and Selling at Vistra

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $160.31, for a total value of $1,603,100.00. Following the sale, the executive vice president directly owned 114,409 shares in the company, valued at $18,340,906.79. This trade represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.92% of the stock is owned by corporate insiders.

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.