1832 Asset Management L.P. Has $28.95 Million Stock Position in Vistra Corp. $VST

Key Points

• 1832 Asset Management L.P. reduced its stake in Vistra Corp. by 33.3%, selling 123,076 shares and leaving it with 246,484 shares valued at approximately $28.9 million.
• Several investment firms, including HM Payson & Co. and Ameriflex Group Inc., have recently increased their positions in Vistra, with institutional investors now holding 90.88% of the company's stock.
• Vistra announced a quarterly dividend of $0.226 to be paid on September 30th, representing an increase from the previous dividend and a yield of 0.5%.

1832 Asset Management L.P. cut its position in Vistra Corp. (NYSE:VST - Free Report) by 33.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,484 shares of the company's stock after selling 123,076 shares during the quarter. 1832 Asset Management L.P. owned 0.07% of Vistra worth $28,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VST. Nuveen LLC acquired a new stake in Vistra in the first quarter valued at $209,149,000. Palidye Holdings Caymans Ltd acquired a new stake in shares of Vistra during the fourth quarter worth $149,451,000. GAMMA Investing LLC raised its holdings in shares of Vistra by 10,810.6% during the first quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock worth $74,395,000 after purchasing an additional 627,665 shares during the period. PointState Capital LP raised its holdings in shares of Vistra by 176.7% during the fourth quarter. PointState Capital LP now owns 929,533 shares of the company's stock worth $128,155,000 after purchasing an additional 593,585 shares during the period. Finally, Fred Alger Management LLC acquired a new stake in shares of Vistra during the fourth quarter worth $66,257,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

VST traded up $5.42 on Tuesday, reaching $195.50. The company had a trading volume of 3,425,883 shares, compared to its average volume of 4,515,265. Vistra Corp. has a one year low of $72.90 and a one year high of $216.85. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The company has a fifty day moving average of $194.84 and a 200-day moving average of $158.59. The company has a market capitalization of $66.24 billion, a P/E ratio of 31.18, a PEG ratio of 2.19 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, equities research analysts anticipate that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business 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 $0.226 dividend. The ex-dividend date is Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra's dividend payout ratio is 14.35%.

Insiders Place Their Bets

In other Vistra news, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director owned 75,946 shares in the company, valued at $13,037,649.82. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $172.75, for a total value of $8,637,500.00. Following the completion of the transaction, the director directly owned 255,192 shares of the company's stock, valued at $44,084,418. This represents a 16.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on VST. Jefferies Financial Group increased their target price on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price on the stock. Raymond James Financial began coverage on shares of Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Morgan Stanley set a $207.00 target price on shares of Vistra and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Melius Research raised shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Vistra has an average rating of "Moderate Buy" and an average price target of $201.43.

Vistra Profile

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.