Northeast Investment Management Buys 10,665 Shares of Vistra Corp. $VST

Northeast Investment Management grew its stake in shares of Vistra Corp. (NYSE:VST) by 121.6% in the 1st quarter, HoldingsChannel reports. The fund owned 19,439 shares of the company’s stock after purchasing an additional 10,665 shares during the quarter. Northeast Investment Management’s holdings in Vistra were worth $2,922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Vistra in the fourth quarter valued at about $746,729,000. Capital World Investors bought a new position in Vistra during the fourth quarter worth about $574,499,000. Rubric Capital Management LP acquired a new stake in Vistra in the 4th quarter worth about $322,660,000. Amundi raised its stake in Vistra by 72.3% in the 4th quarter. Amundi now owns 1,949,568 shares of the company’s stock worth $314,524,000 after purchasing an additional 817,876 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in Vistra by 585.0% in the 4th quarter. Corient Private Wealth LLC now owns 907,611 shares of the company’s stock worth $146,425,000 after purchasing an additional 775,104 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VST shares. TD Cowen decreased their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price target on shares of Vistra in a research report on Monday, March 2nd. JPMorgan Chase & Co. cut their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Morgan Stanley reissued an “overweight” rating and set a $210.00 price target on shares of Vistra in a research report on Wednesday. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Vistra in a report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $230.31.

Vistra Stock Performance

Shares of NYSE:VST opened at $167.35 on Friday. The company’s 50 day simple moving average is $154.81 and its 200 day simple moving average is $159.34. The stock has a market capitalization of $56.43 billion, a price-to-earnings ratio of 28.03 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating 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 business had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. As a group, research analysts predict that Vistra Corp. will post 9.31 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. Stockholders 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. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s payout ratio is presently 15.41%.

Insiders Place Their Bets

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the transaction, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company’s stock, valued at approximately $37,152,000. The trade was a 9.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,588 shares of company stock valued at $6,739,227 in the last quarter. Corporate 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.