VestGen Investment Management Purchases 102 Shares of Vistra Corp. $VST

VestGen Investment Management boosted its position in Vistra Corp. (NYSE:VST) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,527 shares of the company’s stock after acquiring an additional 102 shares during the quarter. VestGen Investment Management’s holdings in Vistra were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Vistra by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after acquiring an additional 11,386 shares during the last quarter. Northern Trust Corp grew its stake in shares of Vistra by 1.9% during the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock valued at $362,166,000 after buying an additional 57,358 shares during the last quarter. Nuveen LLC bought a new position in shares of Vistra during the first quarter valued at about $209,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Vistra by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,470,680 shares of the company’s stock valued at $172,717,000 after buying an additional 118,230 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Vistra by 1.5% during the first quarter. American Century Companies Inc. now owns 1,327,653 shares of the company’s stock valued at $155,920,000 after buying an additional 19,679 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Cowen initiated coverage on Vistra in a research note on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective on the stock. Daiwa Capital Markets raised Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, September 17th. UBS Group lifted their target price on shares of Vistra from $207.00 to $230.00 and gave the company a “buy” rating in a report on Friday, July 25th. Melius Research upgraded shares of Vistra to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, The Goldman Sachs Group lifted their target price on shares of Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $229.31.

Vistra Price Performance

Shares of NYSE VST opened at $201.62 on Friday. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82. The firm has a market cap of $68.31 billion, a P/E ratio of 32.16, a PEG ratio of 2.86 and a beta of 1.33. The company has a 50 day moving average of $199.45 and a 200 day moving average of $178.94. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58.

Vistra (NYSE:VST) last posted its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The company had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, research analysts expect that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were paid a dividend of $0.226 per share. The ex-dividend date was Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 19,612 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $188.30, for a total transaction of $3,692,939.60. Following the completion of the sale, the chief executive officer directly owned 292,642 shares in the company, valued at approximately $55,104,488.60. The trade was a 6.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 654,583 shares of company stock worth $134,542,882. 1.42% of the stock is currently owned by insiders.

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.