Bank of New York Mellon Corp Makes New $381.94 Million Investment in Vistra Corp. $VST

Bank of New York Mellon Corp bought a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,407,727 shares of the company's stock, valued at approximately $381,938,000. Bank of New York Mellon Corp owned approximately 0.71% of Vistra as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank purchased a new stake in Vistra in the 4th quarter worth approximately $746,729,000. Fifth Third Bancorp grew its holdings in shares of Vistra by 95.1% in the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company's stock worth $26,638,000 after purchasing an additional 86,393 shares during the last quarter. Payden & Rygel grew its position in shares of Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company's stock worth $5,711,000 after buying an additional 34,300 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Vistra in the fourth quarter worth $29,875,000. Finally, Wealth High Governance Capital Ltda bought a new stake in Vistra during the 1st quarter valued at approximately $10,543,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of VST opened at $136.43 on Friday. The company's fifty day moving average price is $153.73 and its 200-day moving average price is $155.83. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The firm has a market capitalization of $45.79 billion, a PE ratio of 23.05 and a beta of 1.41. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82.

Vistra (NYSE:VST - Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates 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. On average, equities research analysts predict that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

VST has been the subject of a number of analyst reports. Seaport Research Partners reaffirmed a "buy" rating and set a $230.00 target price on shares of Vistra in a research note on Monday, June 15th. BNP Paribas Exane set a $255.00 price target on Vistra in a report on Wednesday. The Goldman Sachs Group set a $206.00 price objective on Vistra in a research note on Wednesday, August 12th. UBS Group dropped 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. Finally, Raymond James Financial set a $208.00 price target on shares of Vistra in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $226.94.

Insider Buying and Selling

In other Vistra 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 completion of the transaction, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director directly owned 232,200 shares in the company, valued at $37,152,000. The trade was a 9.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 over the last quarter. 0.92% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source