41,200 Shares in Vistra Corp. $VST Purchased by Fund 1 Investments LLC

Key Points

• Fund 1 Investments LLC acquired 41,200 Vistra shares worth approximately $6.5 million, making the stock 1.1% of its portfolio. Institutional investors collectively own 90.88% of Vistra.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $223.53; recent targets range from $212 to $298.
• Vistra reported quarterly EPS of $0.76, below the $1.61 consensus estimate, while revenue of $4.02 billion also missed expectations. The company declared a quarterly dividend of $0.23 per share, equivalent to a 0.6% yield.

Fund 1 Investments LLC acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 41,200 shares of the company's stock, valued at approximately $6,536,000. Vistra comprises about 1.1% of Fund 1 Investments LLC's portfolio, making the stock its 23rd biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Vistra in the second quarter valued at $4,610,496,000. State Street Corp grew its holdings in Vistra by 2.7% during the 4th 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 last quarter. Geode Capital Management LLC raised its position in Vistra by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 8,965,648 shares of the company's stock worth $1,441,112,000 after purchasing an additional 97,424 shares during the period. Norges Bank bought a new stake in Vistra in the fourth quarter worth about $746,729,000. Finally, Invesco Ltd. boosted its position in shares of Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company's stock valued at $895,872,000 after buying an additional 35,258 shares during the period. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VST shares. Scotiabank increased their price target on Vistra from $293.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. UBS Group reduced their target price on Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a research note on Tuesday, July 28th. Wells Fargo & Company reissued an "overweight" rating and set a $212.00 target price on shares of Vistra in a research note on Monday, August 10th. Weiss Ratings cut shares of Vistra from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Finally, Morgan Stanley lifted their price objective on shares of Vistra from $212.00 to $227.00 and gave the company an "overweight" rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $223.53.

Vistra Stock Up 3.5%

Vistra stock opened at $149.27 on Friday. The business has a fifty day moving average of $149.39 and a two-hundred day moving average of $154.82. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The firm has a market cap of $50.10 billion, a P/E ratio of 25.21 and a beta of 1.40. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 21st. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra's payout ratio is currently 15.54%.

Insider Activity

In related news, Director Paul M. Barbas sold 244 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the transaction, the director owned 53,006 shares in the company, valued at $8,109,918. The trade was a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James Burke bought 4,465 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average cost of $135.25 per share, with a total value of $603,891.25. Following the transaction, the chief executive officer directly owned 1,146,352 shares of the company's stock, valued at $155,044,108. The trade was a 0.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 31,988 shares of company stock valued at $5,178,427 over the last 90 days. 0.92% of the stock is currently owned by corporate insiders.

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.

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