1,345 Shares in Vistra Corp. $VST Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. bought a new stake in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,345 shares of the company’s stock, valued at approximately $261,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Goldstein Advisors LLC acquired a new position in Vistra during the 2nd quarter valued at about $370,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Vistra during the 2nd quarter valued at about $10,078,000. Mutual of America Capital Management LLC increased its position in Vistra by 8.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 47,616 shares of the company’s stock valued at $9,228,000 after buying an additional 3,764 shares in the last quarter. Spirit of America Management Corp NY increased its position in Vistra by 6.3% during the 2nd quarter. Spirit of America Management Corp NY now owns 24,500 shares of the company’s stock valued at $4,748,000 after buying an additional 1,450 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its position in Vistra by 0.5% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 179,446 shares of the company’s stock valued at $34,778,000 after buying an additional 863 shares in the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VST shares. Melius Research raised Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, September 17th. TD Cowen started coverage on Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective on the stock. Morgan Stanley increased their price objective on Vistra from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Finally, UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Four analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $229.31.

Vistra Stock Down 3.4%

Vistra stock opened at $194.42 on Tuesday. The firm has a market cap of $65.87 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The business’s 50-day moving average price is $200.46 and its 200 day moving average price is $176.99. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

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

Vistra Increases Dividend

The business also recently announced 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. This represents a $0.90 annualized dividend and a yield of 0.5%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s dividend payout ratio is 14.35%.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 21,355 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $215.21, for a total transaction of $4,595,809.55. Following the transaction, the chief executive officer owned 282,597 shares in the company, valued at approximately $60,817,700.37. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 590,228 shares of company stock worth $121,653,740 over the last quarter. 1.42% of the stock is owned by company 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.