7,060 Shares in Vistra Corp. $VST Purchased by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. acquired 7,060 shares of Vistra Corp. for approximately $1.37 million in the second quarter.
• Vistra recently declared an increased quarterly dividend of $0.226 per share, marking a slight rise from the previous $0.23 dividend.
• Various analysts have rated Vistra stock positively, with an average target price of $229.31, highlighting its strong institutional backing, with 90.88% of the stock owned by institutional investors.

Praxis Investment Management Inc. purchased a new position in Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,060 shares of the company's stock, valued at approximately $1,368,000.

Several other institutional investors also recently modified their holdings of VST. Nuveen LLC bought a new stake in Vistra during the 1st quarter valued at about $209,149,000. Assenagon Asset Management S.A. increased its stake in Vistra by 2,341.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company's stock valued at $167,755,000 after purchasing an additional 830,111 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of Vistra by 102.5% in the first quarter. Fred Alger Management LLC now owns 973,339 shares of the company's stock worth $114,309,000 after acquiring an additional 492,765 shares during the period. 140 Summer Partners LP bought a new stake in shares of Vistra in the first quarter worth approximately $56,876,000. Finally, Hsbc Holdings PLC grew its stake in shares of Vistra by 52.2% in the first quarter. Hsbc Holdings PLC now owns 943,057 shares of the company's stock worth $109,761,000 after acquiring an additional 323,264 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

VST opened at $201.53 on Friday. 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 market cap of $68.28 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.99 and a beta of 1.33. The company's 50 day moving average is $200.58 and its 200 day moving average is $175.51. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. On average, equities research analysts predict that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were issued a dividend of $0.226 per share. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 19th. Vistra's payout ratio is presently 14.35%.

Insiders Place Their Bets

In other Vistra news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares of the company's stock, valued at $45,303,968.75. The trade was a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 590,228 shares of company stock worth $121,653,740 over the last quarter. 1.42% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Jefferies Financial Group reiterated a "hold" rating and issued a $230.00 price target (down from $241.00) on shares of Vistra in a research note on Monday, September 22nd. BMO Capital Markets lifted their price target on shares of Vistra from $229.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of Vistra from $227.00 to $248.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. UBS Group lifted their price target on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. Four analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $229.31.

Vistra Company 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.

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