BI Asset Management Fondsmaeglerselskab A S Has $16.96 Million Holdings in Vistra Corp. $VST

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its Vistra stake by 33.1% in the fourth quarter, bringing its holdings to 105,123 shares valued at about $16.96 million.
• Vistra reported strong quarterly results, posting $2.87 EPS versus expectations of $1.32 and revenue of $5.64 billion, both ahead of estimates.
• Analysts remain broadly positive on the stock, with a Buy consensus and an average price target of $233.33, while Vistra also raised its quarterly dividend to $0.229 per share.

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 33.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,123 shares of the company's stock after buying an additional 26,123 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Vistra were worth $16,959,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Vistra in the fourth quarter valued at $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Vistra in the third quarter valued at $28,000. Salomon & Ludwin LLC increased its holdings in Vistra by 74.8% in the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 92 shares during the period. Triumph Capital Management acquired a new stake in Vistra in the third quarter valued at $38,000. Finally, Strive Asset Management LLC bought a new stake in Vistra during the third quarter valued at $38,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In other news, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total transaction of $824,800.00. Following the transaction, the chief accounting officer owned 14,360 shares of the company's stock, valued at $2,368,825.60. This represents a 25.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephanie Zapata Moore sold 10,000 shares of the firm's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the completion of the transaction, the executive vice president directly owned 114,409 shares in the company, valued at approximately $18,340,906.79. The trade was a 8.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,600 shares of company stock worth $3,163,900 in the last three months. Insiders own 0.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. TD Cowen cut their price target on shares of Vistra from $253.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, May 4th. Weiss Ratings raised shares of Vistra from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, May 11th. Raymond James Financial set a $208.00 price target on shares of Vistra in a research report on Monday, April 27th. Finally, Wells Fargo & Company cut their price target on shares of Vistra from $236.00 to $234.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Vistra has a consensus rating of "Buy" and an average target price of $233.33.

Vistra Price Performance

VST stock opened at $148.72 on Friday. The stock has a market capitalization of $50.15 billion, a PE ratio of 24.91 and a beta of 1.40. The company's 50-day moving average is $154.21 and its 200-day moving average is $161.22. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. 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 quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $1.55. The company had revenue of $5.64 billion for the quarter, compared to analysts' expectations of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. Equities research analysts expect that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.229 per share. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra's payout ratio is currently 15.24%.

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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