N10 Assets LLC Buys New Position in Vistra Corp. $VST

N10 Assets LLC bought a new stake in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 41,492 shares of the company’s stock, valued at approximately $6,582,000. Vistra comprises 2.8% of N10 Assets LLC’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra during the 4th quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra in the fourth quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new position in Vistra in the fourth quarter worth $30,000. Triumph Capital Management bought a new position in Vistra in the third quarter valued at $38,000. Finally, Strive Asset Management LLC bought a new position in Vistra in the third quarter valued at $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

Vistra stock opened at $139.90 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The company has a market capitalization of $46.96 billion, a PE ratio of 23.63 and a beta of 1.41. The firm has a fifty day simple moving average of $152.15 and a two-hundred day simple moving average of $155.61. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82.

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

Vistra Increases Dividend

The business also recently announced 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 annualized dividend 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 currently 15.54%.

Insider Buying and Selling

In related news, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 $1,561,600. This trade represents a 32.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares in the company, valued at $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 36,588 shares of company stock valued at $5,914,427 in the last 90 days. 0.92% of the stock is owned by insiders.

Analyst Ratings Changes

VST has been the subject of several research analyst reports. TD Cowen dropped their price target on Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a research note on Wednesday, August 19th. 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. Morgan Stanley raised their price objective on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, August 21st. BNP Paribas Exane set a $255.00 target price on Vistra in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $223.53.

About Vistra

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.