Harvest Fund Management Co. Ltd Boosts Holdings in Vistra Corp. $VST

Harvest Fund Management Co. Ltd boosted its position in shares of Vistra Corp. (NYSE:VST) by 16.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,043 shares of the company’s stock after buying an additional 7,028 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Vistra were worth $7,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Vistra by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock worth $6,709,519,000 after buying an additional 390,157 shares during the period. Geode Capital Management LLC lifted its position in shares of Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after purchasing an additional 97,424 shares during the last quarter. Norges Bank bought a new stake in shares of Vistra during the fourth quarter worth $746,729,000. Invesco Ltd. lifted its position in shares of Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after purchasing an additional 35,258 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Vistra by 11.3% during the third quarter. Franklin Resources Inc. now owns 2,983,868 shares of the company’s stock worth $584,599,000 after purchasing an additional 303,573 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Vistra news, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the transaction, the chief accounting officer owned 14,360 shares in the company, valued at $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephanie Zapata Moore sold 10,000 shares of Vistra stock in a transaction dated 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 completion of the transaction, the executive vice president owned 114,409 shares in the company, valued at $18,340,906.79. This trade represents a 8.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 19,600 shares of company stock worth $3,163,900 in the last quarter. 0.92% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on VST shares. Morgan Stanley reiterated an “overweight” rating and set a $212.00 target price on shares of Vistra in a research report on Thursday, May 21st. Jefferies Financial Group reiterated a “buy” rating and set a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Wells Fargo & Company decreased their target price on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. BMO Capital Markets reiterated an “outperform” rating and set a $241.00 target price on shares of Vistra in a research report on Monday, March 2nd. Finally, Raymond James Financial set a $208.00 price objective on Vistra in a report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $233.33.

Vistra Stock Performance

VST stock opened at $153.66 on Friday. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The business has a 50-day moving average price of $154.26 and a 200 day moving average price of $161.31. The company has a market capitalization of $51.81 billion, a P/E ratio of 25.74 and a beta of 1.40. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82.

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

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a $0.229 dividend. This represents a $0.92 annualized dividend and a yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, June 22nd. Vistra’s payout ratio is presently 15.24%.

Key Stories Impacting Vistra

Here are the key news stories impacting Vistra this week:

• Positive Sentiment: Vistra completed its acquisition of Cogentrix natural gas assets, expanding its generation footprint and strengthening its position in the power market. The company is also adding long-term nuclear supply contracts, including a new arrangement to serve Meta’s data center power needs. Vistra Reshapes Growth With Cogentrix Deal And AI Data Center Power
• Positive Sentiment: Vistra’s plan to restart the Perry nuclear plant could add more baseload capacity, which investors may view favorably given rising electricity demand from AI and data centers. Vistra Reshapes Growth With Cogentrix Deal And AI Data Center Power
• Positive Sentiment: Analyst sentiment remains constructive, with Vistra reported to have an average recommendation of “Buy”, supporting the view that the company’s earnings and growth profile remain attractive. Vistra Corp. (NYSE:VST) Given Average Recommendation of “Buy” by Analysts
• Neutral Sentiment: One article noted Vistra underperformed peers on a relative basis despite daily gains, suggesting the stock may not have fully participated in the broader utility/energy move. Vistra Corp. stock underperforms Tuesday when compared to competitors despite daily gains
• Negative Sentiment: Vistra CAO Margaret Montemayor sold 4,600 shares at $160.00, a routine insider sale that may create a small overhang for some investors even though the transaction size was limited. Vistra stock quote and recent filings

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.