1,549 Shares in Vistra Corp. $VST Bought by Five Oceans Advisors

Key Points

• Five Oceans Advisors purchased a new stake in Vistra Corp., acquiring 1,549 shares valued at approximately $300,000 in the second quarter.
• Vistra announced a quarterly dividend increase to $0.226 per share, up from $0.23, with a payout ratio of 14.35% and an annualized dividend yield of 0.4%.
• Analysts have raised price targets for Vistra, with JPMorgan increasing theirs to $248.00 and Melius issuing a buy rating with a target of $295.00 for the company.

Five Oceans Advisors acquired a new stake in Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,549 shares of the company's stock, valued at approximately $300,000.

Other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Vistra in the first quarter valued at about $209,149,000. Assenagon Asset Management S.A. raised its holdings in Vistra by 2,341.6% during the second quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company's stock worth $167,755,000 after purchasing an additional 830,111 shares in the last quarter. GAMMA Investing LLC lifted its position in Vistra by 10,810.6% in the first quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock valued at $74,395,000 after purchasing an additional 627,665 shares during the period. Fred Alger Management LLC boosted its holdings in Vistra by 102.5% in the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company's stock valued at $114,309,000 after purchasing an additional 492,765 shares in the last quarter. Finally, 140 Summer Partners LP acquired a new position in Vistra during the 1st quarter worth approximately $56,876,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Stock Up 0.0%

Vistra stock opened at $202.12 on Friday. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The firm has a market capitalization of $68.48 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 3.16 and a beta of 1.33. The stock's fifty day moving average is $199.60 and its two-hundred day moving average is $166.77. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The business had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. Analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. Vistra's dividend payout ratio is 14.35%.

Analysts Set New Price Targets

Several analysts have recently commented on VST shares. JPMorgan Chase & Co. raised their price target on Vistra from $227.00 to $248.00 and gave the company an "overweight" rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Melius started coverage on Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. Wall Street Zen cut shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $218.20.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 43,074 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the sale, the chief executive officer owned 217,025 shares of the company's stock, valued at approximately $45,303,968.75. This represents a 16.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 233,569 shares of company stock worth $48,915,316. Company insiders own 1.42% of the company's stock.

About Vistra

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.

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