Assenagon Asset Management S.A. Has $387,000 Position in Vistra Corp. $VST

Key Points

• Assenagon Asset Management slashed its Vistra stake by 95.7% in the second quarter, selling 54,748 shares and retaining 2,438 shares valued at approximately $387,000. Institutional investors collectively own 90.88% of Vistra.
• Vistra shares opened at $148.33, with a market capitalization of $49.79 billion and a 12-month trading range of $132.66 to $219.82. Analysts maintain a consensus “Buy” rating and an average price target of $228.56.
• The company declared a quarterly dividend of $0.23 per share, equal to $0.92 annually and a 0.6% yield. Vistra insiders sold 41,588 shares worth roughly $6.74 million over the past 90 days.

Assenagon Asset Management S.A. cut its holdings in Vistra Corp. (NYSE:VST - Free Report) by 95.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,438 shares of the company's stock after selling 54,748 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Vistra were worth $387,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VST. Empowered Funds LLC lifted its stake in shares of Vistra by 24.1% in the 1st quarter. Empowered Funds LLC now owns 20,190 shares of the company's stock valued at $2,371,000 after purchasing an additional 3,920 shares during the period. Woodline Partners LP boosted its position in shares of Vistra by 40.7% in the 1st quarter. Woodline Partners LP now owns 28,744 shares of the company's stock worth $3,376,000 after purchasing an additional 8,312 shares during the last quarter. Focus Partners Wealth boosted its position in shares of Vistra by 37.3% in the 1st quarter. Focus Partners Wealth now owns 7,828 shares of the company's stock worth $920,000 after purchasing an additional 2,125 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Vistra during the second quarter worth $269,000. Finally, Slocum Gordon & Co LLP grew its stake in shares of Vistra by 20.0% during the second quarter. Slocum Gordon & Co LLP now owns 1,200 shares of the company's stock worth $233,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Vistra Price Performance

VST opened at $148.33 on Monday. The stock has a market cap of $49.79 billion, a P/E ratio of 25.06 and a beta of 1.41. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. 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 company has a fifty day simple moving average of $154.14 and a 200 day simple moving average of $156.55.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.23 dividend. 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 dividend on an annualized basis and a yield of 0.6%. Vistra's payout ratio is presently 15.54%.

Analyst Ratings Changes

Several equities analysts have weighed in on VST shares. TD Cowen cut their target price on Vistra from $230.00 to $222.00 and set a "buy" rating on the stock in a research note on Monday, July 27th. Raymond James Financial set a $208.00 target price on Vistra in a research report on Monday, April 27th. Weiss Ratings cut Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday. JPMorgan Chase & Co. cut their price target on shares of Vistra from $240.00 to $231.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of "Buy" and a consensus target price of $228.56.

Insiders Place Their Bets

In other news, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction dated 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 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 document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the business's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the transaction, the director owned 70,714 shares of the company's stock, valued at $12,021,380. This represents a 8.42% 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 41,588 shares of company stock valued at $6,739,227 over the last ninety days. 0.92% of the stock is owned by 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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