DekaBank Deutsche Girozentrale Has $4.72 Million Stock Holdings in Vistra Corp. $VST

Key Points

• DekaBank Deutsche Girozentrale increased its holdings in Vistra Corp. by 28.2% in the 2nd quarter, bringing its total ownership to $4.72 million.
• Insider activity included CEO James A. Burke selling 43,074 shares for approximately $8.99 million, reflecting a 16.56% decrease in his position.
• Analysts have given Vistra Corp. an average rating of "Buy" with a price target range between $227.00 and $250.00.

DekaBank Deutsche Girozentrale lifted its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 28.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,785 shares of the company's stock after purchasing an additional 5,229 shares during the period. DekaBank Deutsche Girozentrale's holdings in Vistra were worth $4,717,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HM Payson & Co. increased its stake in shares of Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock worth $27,000 after purchasing an additional 168 shares during the last quarter. Banque Transatlantique SA increased its stake in shares of Vistra by 132.0% during the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after purchasing an additional 132 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Vistra by 48.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 239 shares of the company's stock worth $46,000 after purchasing an additional 78 shares during the last quarter. LRI Investments LLC increased its stake in shares of Vistra by 104.3% during the 2nd quarter. LRI Investments LLC now owns 286 shares of the company's stock worth $55,000 after purchasing an additional 146 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new position in shares of Vistra during the 1st quarter worth about $34,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Vistra news, CEO James A. Burke sold 43,074 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at $45,303,968.75. This represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 654,583 shares of company stock worth $134,542,882. Corporate insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

VST has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Vistra from $227.00 to $248.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. Daiwa Capital Markets upgraded shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, September 17th. TD Cowen assumed coverage on shares of Vistra in a research note on Thursday, October 16th. They issued a "buy" rating and a $250.00 price target on the stock. Wall Street Zen lowered shares of Vistra from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $230.00 price target (down previously from $241.00) on shares of Vistra in a research note on Monday, September 22nd. Four investment 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. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $229.31.

Vistra Stock Performance

Shares of NYSE:VST opened at $201.62 on Friday. The company's 50 day moving average price is $199.45 and its two-hundred day moving average price is $178.41. Vistra Corp. has a 12-month low of $90.51 and a 12-month high of $219.82. The firm has a market cap of $68.31 billion, a PE ratio of 32.16, a PEG ratio of 2.72 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 announced 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 return on equity of 108.41% and a net margin of 12.90%.The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Equities research analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a boost from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is currently 14.35%.

About Vistra

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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