Vistra Corp. $VST Shares Acquired by Man Group plc

Man Group plc lifted its stake in shares of Vistra Corp. (NYSE:VST) by 8.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 402,447 shares of the company’s stock after buying an additional 29,846 shares during the quarter. Man Group plc’s holdings in Vistra were worth $63,840,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in Vistra during the second quarter valued at approximately $4,610,496,000. State Street Corp lifted its holdings in Vistra by 2.7% during the 4th quarter. State Street Corp now owns 16,474,869 shares of the company’s stock worth $2,657,891,000 after buying an additional 432,028 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Vistra by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock worth $1,441,112,000 after acquiring an additional 97,424 shares in the last quarter. Norges Bank acquired a new position in shares of Vistra in the 4th quarter worth approximately $746,729,000. Finally, Invesco Ltd. grew its position in shares of Vistra by 0.8% in the 3rd quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after acquiring an additional 35,258 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at $1,561,600. The trade was a 32.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott B. Helm sold 25,000 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% 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. Insiders have sold a total of 36,588 shares of company stock worth $5,914,427 in the last quarter. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VST shares. Scotiabank lifted their price target on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Sanford C. Bernstein set a $187.00 price target on shares of Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Jefferies Financial Group reissued a “buy” rating and issued a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Morgan Stanley lifted their price objective on shares of Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $223.53.

Vistra Trading Up 2.5%

Shares of NYSE VST opened at $139.09 on Wednesday. The business has a fifty day simple moving average of $152.99 and a 200-day simple moving average of $155.70. The company has a market cap of $46.68 billion, a price-to-earnings ratio of 23.50 and a beta of 1.41. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) 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 company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Sell-side analysts predict that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.23 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. Vistra’s payout ratio is currently 15.54%.

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.