Vistra Corp. $VST Shares Purchased by State Street Corp

State Street Corp raised its holdings in Vistra Corp. (NYSE:VST) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,660,027 shares of the company’s stock after buying an additional 226,514 shares during the quarter. State Street Corp owned approximately 4.92% of Vistra worth $3,228,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in Vistra by 4.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,175,553 shares of the company’s stock valued at $1,196,884,000 after purchasing an additional 258,983 shares during the period. Norges Bank acquired a new position in shares of Vistra in the 2nd quarter valued at $930,080,000. Invesco Ltd. boosted its holdings in shares of Vistra by 25.2% in the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock valued at $879,390,000 after purchasing an additional 913,350 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vistra by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after buying an additional 11,386 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Vistra by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock worth $362,166,000 after buying an additional 57,358 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and issued a $225.00 target price on shares of Vistra in a report on Thursday, November 20th. KeyCorp started coverage on Vistra in a report on Monday, November 24th. They set an “overweight” rating and a $217.00 target price for the company. Evercore ISI boosted their price objective on shares of Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Scotiabank began coverage on shares of Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Vistra from $227.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $233.20.

Vistra Stock Down 0.7%

Shares of Vistra stock opened at $164.92 on Wednesday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a market capitalization of $55.88 billion, a PE ratio of 59.54, a P/E/G ratio of 2.87 and a beta of 1.39. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The business has a 50-day moving average of $187.20 and a 200-day moving average of $189.98.

Vistra (NYSE:VST) last issued its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $6.60 billion. As a group, equities analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.227 per share. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. Vistra’s payout ratio is currently 32.49%.

Insiders Place Their Bets

In related news, EVP Carrie Lee Kirby sold 58,275 shares of Vistra stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $174.75, for a total value of $10,183,556.25. Following the completion of the transaction, the executive vice president directly owned 218,239 shares in the company, valued at approximately $38,137,265.25. This trade represents a 21.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott A. Hudson sold 56,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $168.86, for a total value of $9,456,160.00. Following the completion of the sale, the executive vice president directly owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 848,747 shares of company stock valued at $169,308,902 in the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.