Alyeska Investment Group L.P. Makes New Investment in Vistra Corp. $VST

Key Points

• Alyeska Investment Group acquired 55,089 Vistra shares worth approximately $8.7 million in the second quarter. Institutional investors collectively own 90.88% of the company.
• Analysts maintain a generally positive outlook, with 15 of 17 covering analysts rating Vistra Strong Buy or Buy. The average price target is $223.53, despite some recent target reductions and downgrades.
• Vistra reported weaker-than-expected quarterly results, with EPS of $0.76 versus the $1.61 consensus estimate and revenue of $4.02 billion versus $5.46 billion expected. The company announced a quarterly dividend of $0.23 per share, equivalent to a 0.7% annualized yield.

Alyeska Investment Group L.P. acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 55,089 shares of the company's stock, valued at approximately $8,739,000.

Other hedge funds also recently bought and sold shares of the company. Equitable Holdings Inc. boosted its position in shares of Vistra by 0.9% during the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company's stock worth $1,380,000 after purchasing an additional 61 shares during the period. UMB Bank n.a. increased its holdings in Vistra by 3.8% during the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company's stock worth $286,000 after purchasing an additional 65 shares during the period. Rothschild Investment LLC lifted its stake in Vistra by 2.9% in the fourth quarter. Rothschild Investment LLC now owns 2,409 shares of the company's stock worth $389,000 after acquiring an additional 68 shares during the last quarter. Outlook Wealth Advisors LLC raised its holdings in shares of Vistra by 4.9% in the 1st quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company's stock valued at $227,000 after purchasing an additional 70 shares in the last quarter. Finally, Principle Wealth Partners LLC lifted its position in shares of Vistra by 0.5% during the 4th quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company's stock worth $2,333,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Activity

In related news, Director Scott B. Helm sold 25,000 shares of the stock in a transaction 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 completion of the sale, the director owned 232,200 shares in the company, valued at $37,152,000. This represents a 9.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director directly owned 53,006 shares in the company, valued at $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,988 shares of company stock valued at $5,178,427 in the last ninety days. 0.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. TD Cowen cut their price target on Vistra from $222.00 to $221.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. UBS Group dropped their price objective on Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. Weiss Ratings lowered Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. BNP Paribas Exane set a $255.00 target price on Vistra in a research note on Wednesday, August 19th. Finally, Zacks Research downgraded Vistra from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 18th. 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $223.53.

Vistra Stock Up 0.3%

VST opened at $137.45 on Tuesday. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The stock has a market capitalization of $46.13 billion, a P/E ratio of 23.22 and a beta of 1.41. The business's 50-day simple moving average is $151.02 and its 200-day simple moving average is $155.34.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Analysts anticipate that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra's payout ratio is 15.54%.

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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