Metis Global Partners LLC Has $5.95 Million Stake in Vistra Corp. $VST

Metis Global Partners LLC increased its stake in Vistra Corp. (NYSE:VST) by 6.2% in the second quarter, Holdings Channel.com reports. The firm owned 30,723 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Metis Global Partners LLC’s holdings in Vistra were worth $5,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. City State Bank boosted its position in shares of Vistra by 210.0% during the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after buying an additional 105 shares during the period. NewSquare Capital LLC lifted its stake in Vistra by 65.9% in the 2nd quarter. NewSquare Capital LLC now owns 214 shares of the company’s stock valued at $41,000 after acquiring an additional 85 shares in the last quarter. Banque Transatlantique SA boosted its position in Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock worth $25,000 after acquiring an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company’s stock worth $46,000 after acquiring an additional 78 shares during the last quarter. Finally, LRI Investments LLC grew its stake in shares of Vistra by 104.3% during the 2nd quarter. LRI Investments LLC now owns 286 shares of the company’s stock worth $55,000 after acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Insider Activity at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares of the company’s stock, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 723,910 shares of company stock worth $148,086,569. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on VST shares. Melius assumed coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a “buy” rating and a $295.00 price objective on the stock. Daiwa Capital Markets upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. BMO Capital Markets increased their price objective on shares of Vistra from $236.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday. Evercore ISI raised their price objective on Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Cowen began coverage on Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Vistra presently has an average rating of “Buy” and an average target price of $234.21.

Vistra Stock Performance

Shares of VST opened at $190.65 on Friday. The company has a market cap of $64.60 billion, a PE ratio of 68.83, a price-to-earnings-growth ratio of 2.71 and a beta of 1.30. The firm has a 50-day moving average of $199.04 and a 200-day moving average of $184.79. Vistra Corp. has a one year low of $90.51 and a one year high of $219.82. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last issued its earnings results on Thursday, November 6th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.88%. The firm had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $6.60 billion. As a group, 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 given a $0.227 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s payout ratio is 14.35%.

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.