10,000 Shares in Vistra Corp. $VST Purchased by K2 Principal Fund L.P.

K2 Principal Fund L.P. purchased a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $1,613,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Landscape Capital Management L.L.C. purchased a new position in Vistra during the fourth quarter worth about $564,000. Clear Street Group Inc. boosted its holdings in Vistra by 76.3% in the 4th quarter. Clear Street Group Inc. now owns 26,103 shares of the company’s stock valued at $4,211,000 after purchasing an additional 11,293 shares during the last quarter. Dockside LLC acquired a new position in Vistra in the 4th quarter valued at about $1,370,000. Eventide Asset Management LLC boosted its holdings in Vistra by 5.4% in the 4th quarter. Eventide Asset Management LLC now owns 487,636 shares of the company’s stock valued at $78,711,000 after purchasing an additional 24,795 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Vistra in the 4th quarter valued at about $11,043,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction that occurred on 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 approximately $1,561,600. The trade was a 32.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 target price on shares of Vistra in a report on Monday, March 2nd. Wells Fargo & Company decreased their target price on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 target price on shares of Vistra in a report on Thursday, May 21st. TD Cowen decreased their target price on shares of Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Raymond James Financial set a $208.00 target price on shares of Vistra in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Vistra presently has a consensus rating of “Buy” and a consensus target price of $233.33.

Vistra Price Performance

Vistra stock opened at $148.01 on Friday. The company’s 50 day simple moving average is $153.53 and its 200-day simple moving average is $160.20. The company has a market capitalization of $49.91 billion, a price-to-earnings ratio of 24.79 and a beta of 1.40. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90.

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

Vistra Increases Dividend

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

Vistra Company 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.