Vistra Corp. $VST Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in Vistra Corp. (NYSE:VST) by 86.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,791 shares of the company’s stock after buying an additional 3,609 shares during the period. Global Retirement Partners LLC’s holdings in Vistra were worth $1,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Vistra by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after buying an additional 390,157 shares in the last quarter. Invesco Ltd. raised its stake in Vistra by 0.8% in the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after buying an additional 35,258 shares in the last quarter. Franklin Resources Inc. raised its stake in Vistra by 11.3% in the third quarter. Franklin Resources Inc. now owns 2,983,868 shares of the company’s stock valued at $584,599,000 after buying an additional 303,573 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Vistra by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 2,344,142 shares of the company’s stock worth $459,264,000 after purchasing an additional 16,321 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Vistra by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 2,056,544 shares of the company’s stock worth $402,951,000 after purchasing an additional 178,835 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of VST stock opened at $156.40 on Monday. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The stock’s 50-day moving average is $154.49 and its two-hundred day moving average is $162.86. The firm has a market cap of $52.73 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 0.89 and a beta of 1.43.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.22 billion. Analysts predict that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a dividend of $0.229 per share. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. Vistra’s dividend payout ratio is 15.24%.

Insider Activity

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the transaction, the executive vice president owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VST has been the topic of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of Vistra in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price objective on shares of Vistra in a report on Thursday. The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Friday, February 6th. Wells Fargo & Company dropped their price objective on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Raymond James Financial set a $208.00 price objective on Vistra in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $233.33.

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.