Vistra Corp. $VST Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Vistra Corp. (NYSE:VST) in the third quarter, Holdings Channel reports. The institutional investor bought 208,406 shares of the company’s stock, valued at approximately $28,833,000.

Other hedge funds have also recently modified their holdings of the company. Pilgrim Partners Asia Pte Ltd raised its holdings in shares of Vistra by 56.9% during the third quarter. Pilgrim Partners Asia Pte Ltd now owns 565 shares of the company’s stock valued at $78,000 after acquiring an additional 205 shares during the last quarter. Vise Technologies Inc. lifted its position in shares of Vistra by 45.6% in the third quarter. Vise Technologies Inc. now owns 28,355 shares of the company’s stock valued at $3,923,000 after acquiring an additional 8,875 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Vistra by 16.7% in the third quarter. Cidel Asset Management Inc. now owns 1,905 shares of the company’s stock worth $264,000 after acquiring an additional 272 shares during the last quarter. MGO One Seven LLC boosted its stake in shares of Vistra by 33.5% in the third quarter. MGO One Seven LLC now owns 18,732 shares of the company’s stock worth $2,592,000 after acquiring an additional 4,704 shares during the last quarter. Finally, Americana Partners LLC increased its position in shares of Vistra by 4.5% during the third quarter. Americana Partners LLC now owns 14,975 shares of the company’s stock worth $2,072,000 after purchasing an additional 644 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 2.9%

VST stock opened at $134.37 on Tuesday. 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 50-day moving average of $145.03 and a two-hundred day moving average of $153.52. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $196.80. The company has a market cap of $45.10 billion, a price-to-earnings ratio of 22.70 and a beta of 1.38.

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). The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, analysts forecast that Vistra Corp. will post 9.13 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 22nd will be issued a $0.2310 dividend. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 22nd. Vistra’s payout ratio is 15.54%.

Analyst Ratings Changes

Several research analysts recently commented on VST shares. Zacks Research downgraded Vistra from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 14th. Lake Street Capital set a $194.00 price objective on Vistra in a report on Tuesday, October 27th. Wells Fargo & Company lowered their target price on shares of Vistra from $212.00 to $198.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. Canadian Imperial Bank of Commerce dropped their target price on shares of Vistra from $201.00 to $181.00 and set an “outperformer” rating for the company in a report on Wednesday, October 28th. Finally, The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and a consensus price target of $202.43.

Insider Buying and Selling

In related news, CEO James Burke bought 4,465 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was bought at an average cost of $135.25 per share, for a total transaction of $603,891.25. Following the acquisition, the chief executive officer directly owned 1,146,352 shares in the company, valued at $155,044,108. This represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott A. Hudson sold 44,444 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $151.82, for a total value of $6,747,488.08. Following the completion of the sale, the executive vice president owned 331,137 shares of the company’s stock, valued at approximately $50,273,219.34. The trade was a 11.83% 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. Company insiders own 0.92% of the company’s stock.

About Vistra

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.