Financiere des Professionnels Fonds d investissement inc. Has $6.66 Million Stock Position in Vistra Corp. $VST

Financiere des Professionnels Fonds d investissement inc. increased its stake in Vistra Corp. (NYSE:VSTFree Report) by 589.9% during the first quarter, Holdings Channel reports. The firm owned 44,325 shares of the company’s stock after acquiring an additional 37,900 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Vistra were worth $6,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Vistra during the fourth quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new position in Vistra in the 4th quarter valued at about $28,000. Kemnay Advisory Services Inc. bought a new position in Vistra in the 4th quarter valued at about $30,000. Triumph Capital Management acquired a new position in shares of Vistra in the 3rd quarter valued at approximately $38,000. Finally, Strive Asset Management LLC acquired a new position in shares of Vistra in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

VST stock opened at $152.67 on Friday. The stock has a market cap of $51.48 billion, a price-to-earnings ratio of 25.57 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. The company has a 50 day simple moving average of $154.00 and a 200 day simple moving average of $158.45. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82.

Vistra (NYSE:VSTGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $1.32 by $1.55. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Research analysts anticipate that Vistra Corp. will post 9.52 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were paid a $0.229 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. Vistra’s payout ratio is currently 15.41%.

Insider Buying and Selling at Vistra

In related news, CAO Margaret Montemayor sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the transaction, the chief accounting officer owned 14,360 shares in the company, valued at $2,368,825.60. This trade represents a 25.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 41,588 shares of company stock worth $6,739,227 in the last 90 days. Corporate insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VST. Scotiabank reaffirmed an “outperform” rating and set a $298.00 price target on shares of Vistra in a report on Wednesday. Sanford C. Bernstein set a $187.00 price objective on shares of Vistra and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. cut their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Raymond James Financial set a $208.00 target price on Vistra in a report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $230.62.

Check Out Our Latest Stock Report on Vistra

Key Stories Impacting Vistra

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About Vistra

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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