Forsta AP Fonden Has $8.92 Million Stake in Vistra Corp. $VST

Forsta AP Fonden lifted its position in shares of Vistra Corp. (NYSE:VST) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the company’s stock after buying an additional 1,500 shares during the period. Forsta AP Fonden’s holdings in Vistra were worth $8,915,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VST. Nuveen LLC bought a new stake in Vistra in the 1st quarter valued at approximately $209,149,000. Assenagon Asset Management S.A. raised its holdings in shares of Vistra by 2,341.6% in the second quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock valued at $167,755,000 after purchasing an additional 830,111 shares during the last quarter. National Pension Service raised its holdings in shares of Vistra by 81.6% in the second quarter. National Pension Service now owns 1,125,100 shares of the company’s stock valued at $218,056,000 after purchasing an additional 505,495 shares during the last quarter. Fred Alger Management LLC lifted its position in shares of Vistra by 102.5% in the first quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock worth $114,309,000 after purchasing an additional 492,765 shares in the last quarter. Finally, 140 Summer Partners LP acquired a new position in Vistra during the first quarter worth $56,876,000. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the sale, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. The trade was a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 745,845 shares of company stock worth $152,178,104 over the last 90 days. 1.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VST shares. Wall Street Zen lowered shares of Vistra from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Wells Fargo & Company started coverage on Vistra in a research report on Monday, October 27th. They issued an “overweight” rating and a $238.00 target price on the stock. Cowen assumed coverage on Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. TD Cowen assumed coverage on Vistra in a research note on Thursday, October 16th. They issued a “buy” rating and a $250.00 price target for the company. Finally, Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, September 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $234.21.

Vistra Price Performance

Shares of NYSE VST opened at $171.20 on Friday. The firm has a market cap of $58.01 billion, a P/E ratio of 61.81, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30. The business’s 50 day moving average is $198.31 and its 200-day moving average is $185.91. The company has a current ratio of 0.99, a quick ratio of 0.80 and a debt-to-equity ratio of 5.74. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. Equities research analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a $0.227 dividend. This represents a $0.91 annualized dividend and a dividend yield of 0.5%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. Vistra’s dividend 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.