Capital World Investors Makes New Investment in Vistra Corp. $VST

Capital World Investors purchased a new position in Vistra Corp. (NYSE:VST) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,561,018 shares of the company’s stock, valued at approximately $574,499,000.

Several other hedge funds have also bought and sold shares of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Vistra in the 4th quarter worth $25,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Vistra in the 3rd quarter worth $28,000. Salomon & Ludwin LLC lifted its stake in Vistra by 74.8% in the 4th quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after purchasing an additional 92 shares in the last quarter. Triumph Capital Management purchased a new stake in Vistra in the 3rd quarter worth $38,000. Finally, Strive Asset Management LLC purchased a new stake in Vistra in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 0.0%

Shares of NYSE VST opened at $148.72 on Monday. The firm’s 50-day moving average price is $154.21 and its 200-day moving average price is $161.13. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 5.51. The stock has a market capitalization of $50.15 billion, a price-to-earnings ratio of 24.91 and a beta of 1.40. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $1.55. The firm had revenue of $5.64 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. On average, equities research analysts anticipate that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. The ex-dividend date is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 15.24%.

Insider Activity

In related news, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at $1,561,600. This represents a 32.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VST. Wells Fargo & Company decreased their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Jefferies Financial Group restated a “buy” rating and set a $190.00 target price on shares of Vistra in a research report on Thursday, May 21st. Finally, Raymond James Financial set a $208.00 target price on shares of Vistra in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $233.33.

Vistra 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.