Nykredit A S Invests $7.58 Million in Vistra Corp. $VST

Nykredit A S purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,818 shares of the company’s stock, valued at approximately $7,585,000.

Several other institutional investors also recently modified their holdings of VST. BlackRock Inc. bought a new stake in shares of Vistra in the second quarter worth approximately $4,610,496,000. State Street Corp lifted its position in Vistra by 2.7% during the fourth quarter. State Street Corp now owns 16,474,869 shares of the company’s stock valued at $2,657,891,000 after purchasing an additional 432,028 shares during the period. Geode Capital Management LLC lifted its position in Vistra by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company’s stock valued at $1,441,112,000 after purchasing an additional 97,424 shares during the period. Norges Bank purchased a new stake in Vistra in the fourth quarter worth approximately $746,729,000. Finally, Invesco Ltd. boosted its holdings in Vistra by 0.8% in the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock worth $895,872,000 after purchasing an additional 35,258 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VST shares. Weiss Ratings lowered shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Scotiabank raised their price target on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Morgan Stanley lifted their price objective on Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. UBS Group lowered their target price on Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Finally, BNP Paribas Exane set a $255.00 price target on Vistra in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $223.53.

Vistra Price Performance

Shares of Vistra stock opened at $149.27 on Friday. The stock has a market cap of $50.10 billion, a P/E ratio of 25.21 and a beta of 1.40. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The stock’s fifty day moving average is $149.39 and its 200 day moving average is $154.82. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Sell-side analysts anticipate that Vistra Corp. will post 9.21 earnings per share for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio is presently 15.54%.

Insider Activity

In related news, Director Scott Helm sold 25,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 of the company’s stock, valued at approximately $37,152,000. This represents a 9.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Barbas sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 31,988 shares of company stock valued at $5,178,427. 0.92% of the stock is owned by 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.