871,632 Shares in Vistra Corp. $VST Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 871,632 Vistra shares worth approximately $138.3 million during the second quarter, giving it a 0.26% stake. Institutional investors and hedge funds collectively own 90.88% of the company.
• Analysts remain broadly bullish, with Vistra receiving an average “Buy” rating and a consensus price target of $226.00. However, the company missed quarterly expectations, reporting $0.76 in adjusted EPS versus the $1.61 consensus and revenue of $4.02 billion versus $5.46 billion expected.
• Vistra declared a quarterly dividend of $0.23 per share, equivalent to $0.92 annually and a 0.6% yield. Meanwhile, insiders sold 41,588 shares worth approximately $6.74 million over the past 90 days.

Deutsche Bank AG bought a new position in Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 871,632 shares of the company's stock, valued at approximately $138,267,000. Deutsche Bank AG owned 0.26% of Vistra as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the 4th quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Vistra in the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. acquired a new position in Vistra in the fourth quarter valued at $30,000. Strive Financial Group LLC acquired a new position in Vistra in the fourth quarter valued at $33,000. Finally, Salomon & Ludwin LLC lifted its position in Vistra by 74.8% during the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company's stock worth $35,000 after buying an additional 92 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vistra

In other Vistra news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares of the company's stock, valued at $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VST shares. Zacks Research raised Vistra from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Scotiabank upped their price objective on shares of Vistra from $293.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Jefferies Financial Group reiterated a "buy" rating and set a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. Morgan Stanley raised their target price on shares of Vistra from $208.00 to $212.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Finally, UBS Group lowered their target price on shares of Vistra from $233.00 to $227.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of "Buy" and an average price target of $226.00.

Vistra Price Performance

VST stock opened at $142.44 on Thursday. The company has a market cap of $47.81 billion, a PE ratio of 24.06 and a beta of 1.41. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The stock has a 50-day moving average price of $154.10 and a two-hundred day moving average price of $156.11. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The firm had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, research analysts predict that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.23 dividend. The ex-dividend date 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 yield of 0.6%. Vistra's payout ratio is 15.54%.

About Vistra

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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