Clear Street Group Inc. Buys 11,293 Shares of Vistra Corp. $VST

Clear Street Group Inc. raised its stake in Vistra Corp. (NYSE:VST) by 76.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,103 shares of the company’s stock after acquiring an additional 11,293 shares during the period. Clear Street Group Inc.’s holdings in Vistra were worth $4,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Vistra by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after acquiring an additional 390,157 shares during the last quarter. State Street Corp increased its holdings in Vistra by 2.7% in the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after acquiring an additional 432,028 shares during the last quarter. Geode Capital Management LLC increased its holdings in Vistra by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after acquiring an additional 97,424 shares during the last quarter. Norges Bank bought a new stake in Vistra in the 4th quarter valued at $746,729,000. Finally, Invesco Ltd. increased its holdings in Vistra by 0.8% in the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after acquiring an additional 35,258 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VST has been the topic of a number of research reports. Raymond James Financial set a $208.00 price target on shares of Vistra in a report on Monday, April 27th. TD Cowen reduced their price target on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. JPMorgan Chase & Co. reduced their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $233.33.

Insider Buying and Selling at Vistra

In related news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the transaction, the chief accounting officer directly owned 9,760 shares in the company, valued at approximately $1,561,600. This represents a 32.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.92% of the stock is currently owned by company insiders.

Vistra Stock Performance

Vistra stock opened at $148.01 on Friday. The company’s 50-day moving average price is $153.53 and its 200-day moving average price is $160.20. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The company has a market cap of $49.91 billion, a PE ratio of 24.79 and a beta of 1.40.

Vistra (NYSE:VST) last posted its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. On average, equities research analysts forecast that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a $0.229 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. 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%. Vistra’s payout ratio is presently 15.24%.

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.