Central Pacific Bank Trust Division Invests $839,000 in Vistra Corp. $VST

Key Points

• Central Pacific Bank Trust Division invested approximately $839,000 in Vistra Corp. (NYSE: VST), acquiring 4,331 shares in the second quarter.
• Vistra reported a quarterly EPS of $1.01, missing the consensus estimate of $1.63, with revenues of $4.25 billion below expectations of $5.15 billion.
• The company has announced an increase in its quarterly dividend to $0.226, representing an annualized dividend of $0.90 and a yield of 0.4%.

Central Pacific Bank Trust Division purchased a new position in Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,331 shares of the company's stock, valued at approximately $839,000.

Other institutional investors have also recently made changes to their positions in the company. Banque Transatlantique SA boosted its stake in shares of Vistra by 132.0% in the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after acquiring an additional 132 shares during the last quarter. HM Payson & Co. boosted its stake in Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after buying an additional 168 shares during the last quarter. Ameriflex Group Inc. acquired a new position in Vistra during the fourth quarter worth $32,000. Keener Financial Planning LLC acquired a new position in Vistra during the first quarter worth $34,000. Finally, WPG Advisers LLC acquired a new position in Vistra during the first quarter worth $37,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of Vistra stock opened at $209.67 on Friday. Vistra Corp. has a 52 week low of $81.12 and a 52 week high of $216.85. The business's fifty day simple moving average is $196.55 and its 200-day simple moving average is $161.67. The firm has a market cap of $71.04 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 3.19 and a beta of 1.33. 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 (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 12.90% and a return on equity of 108.41%. Equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VST shares. Wall Street Zen lowered Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. UBS Group boosted 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. BMO Capital Markets boosted their price objective on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Morgan Stanley set a $207.00 price objective on Vistra and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Jefferies Financial Group upped their price target on Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Insider Activity

In related news, CEO James A. Burke sold 43,074 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the sale, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.