Nordea Investment Management AB Has $3.39 Million Stock Holdings in Vistra Corp. $VST

Nordea Investment Management AB grew its position in Vistra Corp. (NYSE:VST) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,471 shares of the company’s stock after purchasing an additional 313 shares during the period. Nordea Investment Management AB’s holdings in Vistra were worth $3,388,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank raised its holdings in Vistra by 1.9% in the first quarter. Amalgamated Bank now owns 73,908 shares of the company’s stock worth $8,680,000 after purchasing an additional 1,387 shares during the period. Peak Financial Advisors LLC acquired a new stake in Vistra in the second quarter worth $547,000. Envestnet Asset Management Inc. raised its holdings in Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company’s stock worth $30,021,000 after purchasing an additional 57,551 shares during the period. Tcfg Wealth Management LLC acquired a new stake in Vistra in the second quarter worth $258,000. Finally, Golden State Wealth Management LLC raised its holdings in Vistra by 2,540.0% in the first quarter. Golden State Wealth Management LLC now owns 396 shares of the company’s stock worth $47,000 after purchasing an additional 381 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VST shares. TD Cowen started coverage on shares of Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 price objective on the stock. Jefferies Financial Group restated a “hold” rating and set a $230.00 price objective (down from $241.00) on shares of Vistra in a report on Monday, September 22nd. Cowen started coverage on shares of Vistra in a report on Wednesday, October 15th. They set a “buy” rating on the stock. BMO Capital Markets raised their price objective on shares of Vistra from $229.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Finally, Morgan Stanley raised their price objective on shares of Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $229.31.

Vistra Stock Down 4.1%

Vistra stock opened at $186.29 on Wednesday. The company has a market cap of $63.12 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.33. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a fifty day simple moving average of $200.00 and a 200 day simple moving average of $177.06. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58.

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

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, September 19th. Vistra’s payout ratio is 14.35%.

Insiders Place Their Bets

In related news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 632,966 shares of company stock valued at $130,462,677 over the last ninety days. 1.42% of the stock is currently owned by company insiders.

Vistra 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.