EFG International AG Buys 5,355 Shares of Vistra Corp. $VST

EFG International AG lifted its stake in Vistra Corp. (NYSE:VST) by 73.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,668 shares of the company’s stock after acquiring an additional 5,355 shares during the quarter. EFG International AG’s holdings in Vistra were worth $2,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in Vistra in the second quarter valued at approximately $4,610,496,000. Norges Bank bought a new stake in shares of Vistra during the 4th quarter worth approximately $746,729,000. Capital World Investors acquired a new stake in shares of Vistra in the 4th quarter valued at approximately $574,499,000. Bank of New York Mellon Corp acquired a new stake in shares of Vistra in the 2nd quarter valued at approximately $381,938,000. Finally, Rubric Capital Management LP bought a new position in shares of Vistra in the fourth quarter valued at $322,660,000. Institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

VST has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of Vistra in a report on Monday. They set an “outperform” rating and a $169.00 target price on the stock. Zacks Research cut shares of Vistra from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Jefferies Financial Group reissued a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Morgan Stanley upped their target price on shares of Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $223.53.

Vistra Stock Up 0.9%

VST stock opened at $140.28 on Thursday. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The business’s 50 day simple moving average is $152.62 and its 200 day simple moving average is $155.68. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The firm has a market capitalization of $47.08 billion, a PE ratio of 23.70 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 (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. As a group, research analysts anticipate that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 21st. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is currently 15.54%.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was 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 directly owned 232,200 shares in the company, valued at approximately $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. The sale was disclosed in a 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 the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer directly owned 9,760 shares in the company, valued at $1,561,600. This represents a 32.03% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 36,588 shares of company stock worth $5,914,427. 0.92% of the stock is currently 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.