Maxi Investments CY Ltd Purchases New Position in Vistra Corp. $VST

Maxi Investments CY Ltd acquired a new stake in Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,100 shares of the company’s stock, valued at approximately $3,188,000.

Other hedge funds also recently made changes to their positions in the company. Equitable Holdings Inc. boosted its position in shares of Vistra by 0.9% in the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock valued at $1,380,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. increased its position in Vistra by 3.8% during the fourth quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock worth $286,000 after buying an additional 65 shares during the period. Rothschild Investment LLC increased its position in Vistra by 2.9% during the fourth quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock worth $389,000 after buying an additional 68 shares during the period. Outlook Wealth Advisors LLC lifted its stake in Vistra by 4.9% in the first quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock valued at $227,000 after buying an additional 70 shares during the last quarter. Finally, Principle Wealth Partners LLC lifted its stake in Vistra by 0.5% in the fourth quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company’s stock valued at $2,333,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 0.2%

Vistra stock opened at $136.43 on Monday. The stock has a 50 day moving average of $153.73 and a two-hundred day moving average of $155.84. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The stock has a market capitalization of $45.79 billion, a price-to-earnings ratio of 23.05 and a beta of 1.41. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VST) last released its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. As a group, research analysts expect that Vistra Corp. will post 9.23 earnings per share for the current 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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 21st. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.54%.

Insider Activity

In related news, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the sale, the director owned 70,714 shares in the company, valued at $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 in the company, valued at $1,561,600. This trade represents a 32.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,588 shares of company stock worth $6,739,227 over the last quarter. Insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Zacks Research lowered shares of Vistra from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Morgan Stanley upped their price target on shares of Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday. TD Cowen decreased their price target on shares of Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Scotiabank raised their price objective on shares of Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $226.94.

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.