Moore Capital Management LP Buys 39,665 Shares of Vistra Corp. $VST

Moore Capital Management LP boosted its stake in Vistra Corp. (NYSE:VST) by 45.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,165 shares of the company’s stock after purchasing an additional 39,665 shares during the quarter. Moore Capital Management LP’s holdings in Vistra were worth $20,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of VST. BlackRock Inc. bought a new position in shares of Vistra in the 2nd quarter worth $4,610,496,000. Norges Bank bought a new stake in shares of Vistra during the 4th quarter worth $746,729,000. Capital World Investors purchased a new position in Vistra in the fourth quarter worth $574,499,000. Bank of America Corp DE bought a new position in Vistra in the second quarter valued at $468,354,000. Finally, Bank of New York Mellon Corp purchased a new stake in Vistra during the second quarter valued at about $381,938,000. 90.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $212.00 price target on shares of Vistra in a research note on Monday, August 10th. UBS Group reduced their price objective on Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. BNP Paribas Exane set a $255.00 price objective on Vistra in a report on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. Finally, Seaport Research Partners restated a “buy” rating and issued a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $223.53.

Vistra Stock Up 0.1%

Shares of Vistra stock opened at $137.16 on Monday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company’s 50 day moving average price is $151.62 and its 200-day moving average price is $155.50. The stock has a market capitalization of $46.04 billion, a price-to-earnings ratio of 23.17 and a beta of 1.41.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Equities research analysts forecast that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 15.54%.

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director directly owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the transaction, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This represents a 32.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 36,588 shares of company stock worth $5,914,427. 0.92% of the stock is currently owned by company insiders.

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.