Vistra Corp. (NYSE:VST) is Caitong International Asset Management Co. Ltd's 7th Largest Position

Key Points

• Caitong International Asset Management Co. Ltd increased its stake in Vistra Corp. by 218.5%, holding 17,942 shares worth approximately $2.11 million, making Vistra its 7th largest investment.
• In recent months, insiders have sold a total of 294,000 shares of Vistra stock, indicating a significant decrease in their holdings.
• Equities analysts have raised their price targets for Vistra, with the highest set at $241.00, while the consensus rating is a "Moderate Buy" with a price target of approximately $189.62.

Caitong International Asset Management Co. Ltd lifted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 218.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,942 shares of the company's stock after buying an additional 12,308 shares during the quarter. Vistra makes up about 1.6% of Caitong International Asset Management Co. Ltd's portfolio, making the stock its 7th biggest position. Caitong International Asset Management Co. Ltd's holdings in Vistra were worth $2,107,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VST. Resona Asset Management Co. Ltd. grew its stake in Vistra by 8.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 107,216 shares of the company's stock worth $12,619,000 after purchasing an additional 7,983 shares in the last quarter. Westpac Banking Corp bought a new position in Vistra in the first quarter worth approximately $1,285,000. Bulltick Wealth Management LLC bought a new position in Vistra in the first quarter worth approximately $370,000. Independent Advisor Alliance grew its stake in Vistra by 13.4% in the first quarter. Independent Advisor Alliance now owns 66,314 shares of the company's stock worth $7,788,000 after purchasing an additional 7,844 shares in the last quarter. Finally, Nuveen LLC bought a new position in Vistra in the first quarter worth approximately $209,149,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating and issued a $229.00 price objective (up previously from $191.00) on shares of Vistra in a research note on Tuesday. The Goldman Sachs Group increased their price objective on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday. UBS Group increased their price objective on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Evercore ISI set a $192.00 price objective on Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Finally, Morgan Stanley upped their target price on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $192.62.

Insider Buying and Selling

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the transaction, the executive vice president owned 88,073 shares in the company, valued at approximately $14,218,505.12. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Scott A. Hudson sold 56,000 shares of Vistra stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $157.00, for a total value of $8,792,000.00. Following the transaction, the executive vice president owned 306,600 shares of the company's stock, valued at $48,136,200. The trade was a 15.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 294,000 shares of company stock worth $47,461,490 over the last three months. Corporate insiders own 1.42% of the company's stock.

Vistra Stock Performance

VST stock traded down $2.77 during midday trading on Thursday, reaching $202.52. The stock had a trading volume of 3,002,319 shares, compared to its average volume of 5,197,070. The stock has a market cap of $68.62 billion, a PE ratio of 32.30, a P/E/G ratio of 2.37 and a beta of 1.30. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.77 and a current ratio of 0.90. The firm has a fifty day simple moving average of $191.43 and a two-hundred day simple moving average of $157.13. Vistra Corp. has a 52-week low of $72.90 and a 52-week high of $216.85.

Vistra (NYSE:VST - Get Free Report) last issued 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). The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. As a group, equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a $0.226 dividend. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. Vistra's dividend payout ratio (DPR) is 14.35%.

Vistra 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.