Corient Private Wealth LP Purchases Shares of 101,367 Vistra Corp. $VST

Corient Private Wealth LP purchased a new position in Vistra Corp. (NYSE:VST) in the 2nd quarter, HoldingsChannel reports. The fund purchased 101,367 shares of the company’s stock, valued at approximately $16,082,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new position in Vistra during the 2nd quarter worth $4,610,496,000. Norges Bank purchased a new position in shares of Vistra in the 4th quarter valued at about $746,729,000. Capital World Investors acquired a new position in shares of Vistra during the fourth quarter worth about $574,499,000. Bank of America Corp DE purchased a new stake in shares of Vistra during the second quarter worth approximately $468,354,000. Finally, Bank of New York Mellon Corp acquired a new stake in Vistra in the second quarter valued at approximately $381,938,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In other news, Director Paul M. Barbas sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of Vistra 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 completion of the transaction, the chief accounting officer directly 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 36,588 shares of company stock worth $5,914,427. 0.92% of the stock is owned by corporate insiders.

Vistra Trading Down 1.9%

NYSE VST opened at $137.16 on Friday. The firm’s fifty day moving average price is $151.62 and its 200 day moving average price is $155.48. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The company has a market capitalization of $46.04 billion, a price-to-earnings ratio of 23.17 and a beta of 1.41.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. On average, sell-side analysts expect that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced 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 of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. Vistra’s payout ratio is currently 15.54%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VST shares. Scotiabank lifted their price target on shares of Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. UBS Group decreased their price objective on shares of Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Wells Fargo & Company reissued an “overweight” rating and issued a $212.00 target price on shares of Vistra in a report on Monday, August 10th. Seaport Research Partners reaffirmed a “buy” rating and set a $230.00 price target on shares of Vistra in a report on Monday, June 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has a consensus rating of “Moderate Buy” and a consensus price target of $223.53.

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.