Vistra Corp. $VST Shares Bought by Eventide Asset Management LLC

Eventide Asset Management LLC increased its stake in Vistra Corp. (NYSE:VST) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 487,636 shares of the company’s stock after purchasing an additional 24,795 shares during the quarter. Vistra comprises about 1.2% of Eventide Asset Management LLC’s portfolio, making the stock its 18th biggest holding. Eventide Asset Management LLC owned 0.14% of Vistra worth $78,711,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Vistra in the third quarter worth about $28,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Vistra in the fourth quarter worth about $25,000. Triumph Capital Management acquired a new stake in Vistra in the third quarter worth about $38,000. Strive Asset Management LLC acquired a new stake in Vistra in the third quarter worth about $38,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in Vistra in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Shares of Vistra stock opened at $148.01 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The company’s 50-day moving average price is $153.53 and its two-hundred day moving average price is $160.20. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The stock has a market cap of $49.91 billion, a PE ratio of 24.79 and a beta of 1.40.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. As a group, sell-side analysts anticipate that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given 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 dividend payout ratio (DPR) is presently 15.24%.

Wall Street Analyst Weigh In

VST has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 price objective on shares of Vistra in a report on Thursday, May 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a report on Monday, March 2nd. TD Cowen reduced their price objective on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Vistra presently has an average rating of “Buy” and an average price target of $233.33.

Insider Transactions at Vistra

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares in the company, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.92% of the company’s stock.

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.