Wealth High Governance Asset Management Ltda. Takes Position in Vistra Corp. $VST

Wealth High Governance Asset Management Ltda. purchased a new position in shares of Vistra Corp. (NYSE:VST) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 59,736 shares of the company’s stock, valued at approximately $8,980,000. Vistra accounts for approximately 3.2% of Wealth High Governance Asset Management Ltda.’s holdings, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Vistra by 95.1% during the 1st quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock worth $26,638,000 after acquiring an additional 86,393 shares in the last quarter. Norges Bank acquired a new stake in Vistra during the fourth quarter worth approximately $746,729,000. Payden & Rygel raised its holdings in Vistra by 3,118.2% during the fourth quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after purchasing an additional 34,300 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Vistra during the 4th quarter worth approximately $29,875,000. Finally, Legal & General Group Plc boosted its stake in Vistra by 12.2% in the fourth quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock valued at $285,343,000 after acquiring an additional 192,274 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the topic of several research analyst reports. UBS Group cut their price target on Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Zacks Research upgraded shares of Vistra from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Morgan Stanley boosted their price target on Vistra from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Finally, Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $229.88.

Key Headlines Impacting Vistra

Here are the key news stories impacting Vistra this week:

• Positive Sentiment: Morgan Stanley raised its price target to $212 and maintained a Buy rating, signaling substantial potential upside from recent trading levels. Morgan Stanley Raises Vistra Price Target
• Positive Sentiment: Vistra declared a quarterly common-stock dividend of $0.23 per share, payable September 30 to shareholders of record September 21. The roughly $75 million distribution provides ongoing shareholder support. Vistra Declares Dividend
• Positive Sentiment: Investor interest in Vistra’s power-generation capacity could benefit from rising electricity demand associated with data centers, although regulatory limits in New York introduce uncertainty. Vistra Stock Looks Reasonable Following New York Data Center Limits
• Neutral Sentiment: Vistra is scheduled to report quarterly results next week. Analysts expect earnings growth, but the company reportedly lacks the combination of estimate revisions and other indicators that typically signal a likely earnings beat. Vistra Earnings Expectations
• Negative Sentiment: Shares fell sharply following an analyst downgrade, which appears to be the main recent pressure on the stock. The downgrade offsets Morgan Stanley’s more bullish view and may encourage investors to reduce exposure before earnings. Vistra Shares Down After Analyst Downgrade

Insider Activity

In other news, CAO Margaret Montemayor sold 5,000 shares of the business’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 of the company’s stock, valued at $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the sale, the director owned 70,714 shares in the company, valued at $12,021,380. This trade represents a 8.42% decrease in their position. 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. In the last three months, insiders sold 41,588 shares of company stock worth $6,739,227. Corporate insiders own 0.92% of the company’s stock.

Vistra Price Performance

Vistra stock opened at $148.49 on Monday. The firm has a market capitalization of $50.07 billion, a PE ratio of 24.87 and a beta of 1.41. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The firm’s 50-day simple moving average is $156.53 and its 200 day simple moving average is $157.95. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.22 billion. On average, equities research analysts predict that Vistra Corp. will post 9.39 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s payout ratio is presently 15.41%.

Vistra Company Profile

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.