Asset Management One Co. Ltd. Has $27.24 Million Stock Holdings in Vistra Corp. $VST

Key Points

• Asset Management One Co. Ltd. increased its holdings in Vistra Corp. by 3.7%, owning 140,564 shares valued at approximately $27.24 million as of the end of the second quarter.
• Vistra Corp. reported $1.01 earnings per share for the last quarter, missing analysts' estimates by $0.62, alongside revenues of $4.25 billion which fell short of expected levels.
• The company declared a quarterly dividend increase to $0.226, resulting in an annualized dividend of $0.90, which reflects a 0.4% yield.

Asset Management One Co. Ltd. increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,564 shares of the company's stock after buying an additional 5,005 shares during the period. Asset Management One Co. Ltd.'s holdings in Vistra were worth $27,243,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Guardian Asset Advisors LLC boosted its position in Vistra by 11.6% during the 2nd quarter. Guardian Asset Advisors LLC now owns 2,215 shares of the company's stock worth $429,000 after buying an additional 230 shares during the period. Roman Butler Fullerton & Co. boosted its position in Vistra by 22.8% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 2,150 shares of the company's stock worth $413,000 after buying an additional 399 shares during the period. Paralel Advisors LLC acquired a new stake in Vistra during the 2nd quarter worth approximately $4,409,000. Fogel Capital Management Inc. boosted its position in Vistra by 0.9% during the 2nd quarter. Fogel Capital Management Inc. now owns 7,897 shares of the company's stock worth $1,531,000 after buying an additional 72 shares during the period. Finally, Insight Advisors LLC PA acquired a new stake in Vistra during the 2nd quarter worth approximately $229,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Up 5.4%

Vistra stock opened at $201.62 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The firm's fifty day moving average is $199.45 and its 200 day moving average is $178.41. The company has a market capitalization of $68.31 billion, a PE ratio of 32.16, a PEG ratio of 2.72 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last released its earnings results 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. As a group, sell-side analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

Insider Transactions at Vistra

In other Vistra news, CEO James A. Burke sold 19,612 shares of the company's stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $188.30, for a total transaction of $3,692,939.60. Following the transaction, the chief executive officer owned 292,642 shares in the company, valued at approximately $55,104,488.60. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 654,583 shares of company stock valued at $134,542,882. Company insiders own 1.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VST. Morgan Stanley boosted their price target on shares of Vistra from $207.00 to $223.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. UBS Group upped their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Daiwa Capital Markets upgraded shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, September 17th. BMO Capital Markets boosted their target price on shares of Vistra from $229.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, October 3rd. Finally, Cowen started coverage on shares of Vistra in a report on Wednesday, October 15th. They issued a "buy" rating on the stock. Four research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus 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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