6,030 Shares in Vistra Corp. $VST Acquired by Tabor Asset Management LP

Tabor Asset Management LP bought a new stake in Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,030 shares of the company’s stock, valued at approximately $1,169,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VST. Nuveen LLC bought a new position in shares of Vistra in the 1st quarter valued at $209,149,000. Assenagon Asset Management S.A. increased its holdings in Vistra by 2,341.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock worth $167,755,000 after purchasing an additional 830,111 shares in the last quarter. Fred Alger Management LLC raised its position in Vistra by 102.5% in the first quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock valued at $114,309,000 after purchasing an additional 492,765 shares during the last quarter. 140 Summer Partners LP bought a new position in Vistra in the first quarter valued at about $56,876,000. Finally, Jennison Associates LLC boosted its stake in shares of Vistra by 23.8% during the second quarter. Jennison Associates LLC now owns 1,712,726 shares of the company’s stock valued at $331,943,000 after purchasing an additional 329,294 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the subject of several recent research reports. Melius Research raised Vistra to a “strong-buy” rating in a research note on Wednesday, August 20th. Melius initiated coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vistra in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Cowen started coverage on Vistra in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $234.21.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 9,641 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $192.30, for a total transaction of $1,853,964.30. Following the completion of the sale, the chief executive officer owned 298,967 shares of the company’s stock, valued at $57,491,354.10. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 723,910 shares of company stock worth $148,086,569. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Up 3.3%

Shares of NYSE VST opened at $190.65 on Friday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The company’s 50 day moving average price is $199.04 and its 200-day moving average price is $184.29. The company has a market capitalization of $64.60 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 2.62 and a beta of 1.30.

Vistra (NYSE:VST) last announced its earnings results on Thursday, November 6th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a return on equity of 64.88% and a net margin of 6.70%. Equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a $0.227 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 14.35%.

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.