12,085 Shares in Vistra Corp. $VST Purchased by K2 Principal Fund L.P.

K2 Principal Fund L.P. bought a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,085 shares of the company’s stock, valued at approximately $1,917,000.

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new position in shares of Vistra during the 4th quarter worth $746,729,000. Fifth Third Bancorp grew its holdings in shares of Vistra by 95.1% in the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock valued at $26,638,000 after purchasing an additional 86,393 shares during the period. Payden & Rygel grew its holdings in shares of Vistra by 3,118.2% in the fourth quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after purchasing an additional 34,300 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Vistra during the fourth quarter worth about $29,875,000. Finally, Wealth High Governance Capital Ltda acquired a new stake in Vistra during the first quarter worth about $10,543,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In other Vistra news, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $153.00, for a total value of $37,332.00. Following the transaction, the director directly owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 transaction of $4,000,000.00. Following the transaction, the director owned 232,200 shares in the company, valued at approximately $37,152,000. This trade represents a 9.72% 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. Over the last 90 days, insiders sold 41,588 shares of company stock valued at $6,739,227. Company insiders own 0.92% of the company’s stock.

Vistra Trading Down 3.9%

NYSE VST opened at $140.39 on Wednesday. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The firm has a 50 day moving average of $154.02 and a two-hundred day moving average of $156.25. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The stock has a market capitalization of $47.12 billion, a PE ratio of 23.71 and a beta of 1.41.

Vistra (NYSE:VST) last issued its earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. As a group, research analysts expect that Vistra Corp. will post 9.23 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is 15.54%.

Analysts Set New Price Targets

VST has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company reissued an “overweight” rating and set a $212.00 target price on shares of Vistra in a research note on Monday, August 10th. The Goldman Sachs Group set a $206.00 target price on Vistra in a research report on Wednesday, August 12th. Scotiabank upped their price target on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Finally, UBS Group lowered their price target on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Vistra has a consensus rating of “Buy” and an average price target of $228.56.

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.