Robinhood Asset Management LLC Raises Position in Vistra Corp. $VST

Robinhood Asset Management LLC grew its holdings in shares of Vistra Corp. (NYSE:VST) by 36.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,919 shares of the company’s stock after acquiring an additional 18,840 shares during the period. Robinhood Asset Management LLC’s holdings in Vistra were worth $11,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Vistra in the 4th quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Vistra in the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. purchased a new stake in Vistra in the fourth quarter worth about $30,000. Strive Financial Group LLC bought a new position in shares of Vistra in the fourth quarter worth about $33,000. Finally, Salomon & Ludwin LLC raised its stake in shares of Vistra by 74.8% in the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after buying an additional 92 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VST shares. JPMorgan Chase & Co. reduced their price objective 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. TD Cowen dropped their target price on shares of Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a report on Wednesday. Seaport Research Partners reiterated a “buy” rating and issued a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price target on shares of Vistra in a report on Thursday, May 21st. Finally, Morgan Stanley boosted their price objective on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $226.94.

Vistra Trading Down 1.8%

Shares of VST opened at $136.43 on Friday. The firm has a market cap of $45.79 billion, a P/E ratio of 23.05 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The company has a 50 day simple moving average of $153.73 and a two-hundred day simple moving average of $155.83.

Vistra (NYSE:VST) last released its earnings results on Friday, August 7th. The company reported $0.76 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 during the quarter, compared to analysts’ expectations of $5.46 billion. On average, equities analysts expect that Vistra Corp. will post 9.23 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 25,000 shares of the firm’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 completion of the transaction, the director owned 232,200 shares in the company, valued at $37,152,000. This trade represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction dated 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 completion of the sale, the director directly owned 70,714 shares in the company, valued at $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 quarter. 0.92% of the stock is owned by company insiders.

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.