Bank of New York Mellon Corp Purchases 18,161 Shares of Vistra Corp. $VST

Bank of New York Mellon Corp boosted its position in Vistra Corp. (NYSE:VSTFree Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,362,303 shares of the company’s stock after purchasing an additional 18,161 shares during the period. Bank of New York Mellon Corp’s holdings in Vistra were worth $381,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Payden & Rygel raised its stake in shares of Vistra by 3,118.2% during the fourth quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after acquiring an additional 34,300 shares in the last quarter. Norges Bank bought a new stake in shares of Vistra during the fourth quarter valued at approximately $746,729,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Vistra during the fourth quarter valued at approximately $29,875,000. Legal & General Group Plc raised its stake in shares of Vistra by 12.2% during the fourth quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock valued at $285,343,000 after acquiring an additional 192,274 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Vistra by 34.4% during the fourth quarter. Intech Investment Management LLC now owns 188,921 shares of the company’s stock valued at $30,479,000 after acquiring an additional 48,378 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Key Vistra News

Here are the key news stories impacting Vistra this week:

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. TD Cowen reduced their price objective on shares of Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and issued a $241.00 price objective on shares of Vistra in a research note on Monday, March 2nd. Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Finally, Raymond James Financial set a $208.00 price objective on shares of Vistra in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $233.33.

Check Out Our Latest Analysis on Vistra

Vistra Stock Performance

Shares of NYSE:VST opened at $153.66 on Friday. The company has a market capitalization of $51.81 billion, a price-to-earnings ratio of 25.74 and a beta of 1.40. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The firm has a 50 day moving average of $154.26 and a 200 day moving average of $161.31.

Vistra (NYSE:VSTGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion during 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%. On average, sell-side analysts predict that Vistra Corp. will post 9.3 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared 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 of this dividend is Monday, June 22nd. This is a boost from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s payout ratio is currently 15.24%.

Insiders Place Their Bets

In other news, CAO Margaret Montemayor sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the transaction, the chief accounting officer directly owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. This represents a 25.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephanie Zapata Moore sold 10,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $160.31, for a total value of $1,603,100.00. Following the transaction, the executive vice president directly owned 114,409 shares in the company, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 19,600 shares of company stock worth $3,163,900. Insiders own 0.92% of the company’s stock.

Vistra Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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