Deutsche Bank AG Increases Holdings in Vistra Corp. (NYSE:VST)

Key Points

• Deutsche Bank AG increased its holdings in Vistra Corp. by 18.9% in the first quarter, owning approximately 0.20% of the company worth $79.39 million.
• Vistra announced a quarterly dividend increase to $0.226, with a yield of 0.4%, to be paid on September 30th for investors of record on September 19th.
• The company reported a net margin of 12.90% on revenue of $4.25 billion for the last quarter, falling short of analyst expectations.

Deutsche Bank AG grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 18.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 676,003 shares of the company's stock after acquiring an additional 107,315 shares during the period. Deutsche Bank AG owned about 0.20% of Vistra worth $79,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. Chicago Partners Investment Group LLC purchased a new stake in shares of Vistra in the first quarter worth about $316,000. Citizens Financial Group Inc. RI lifted its position in shares of Vistra by 1.8% in the first quarter. Citizens Financial Group Inc. RI now owns 14,790 shares of the company's stock worth $1,737,000 after buying an additional 262 shares in the last quarter. Hemington Wealth Management lifted its position in shares of Vistra by 22.8% in the first quarter. Hemington Wealth Management now owns 1,027 shares of the company's stock worth $120,000 after buying an additional 191 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in shares of Vistra by 20.1% in the first quarter. Legacy Capital Group California Inc. now owns 2,374 shares of the company's stock worth $279,000 after buying an additional 397 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Vistra in the first quarter worth about $2,295,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Trading Down 1.6%

Shares of NYSE VST opened at $202.35 on Monday. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. The company has a market cap of $68.66 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 2.46 and a beta of 1.30. The business's 50 day moving average price is $188.82 and its 200-day moving average price is $155.90. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.77 and a current ratio of 0.86.

Vistra (NYSE:VST - Get Free Report) last announced 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). Vistra had a return on equity of 104.02% and a net margin of 12.90%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $5.15 billion. On average, sell-side analysts expect 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 paid a $0.226 dividend. This represents a $0.90 annualized dividend and a yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. Vistra's payout ratio is currently 14.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VST shares. Evercore ISI set a $192.00 target price on Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. 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. Jefferies Financial Group set a $241.00 price objective on Vistra and gave the stock a "buy" rating in a research note on Friday. Morgan Stanley boosted their price objective on Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Finally, The Goldman Sachs Group boosted their price objective on Vistra from $134.00 to $164.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $186.69.

Insider Buying and Selling

In related news, EVP Carrie Lee Kirby sold 108,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $156.98, for a total value of $16,953,840.00. Following the transaction, the executive vice president owned 218,239 shares of the company's stock, valued at $34,259,158.22. This represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephanie Zapata Moore sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $161.44, for a total value of $5,650,400.00. Following the completion of the transaction, the executive vice president directly 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 disclosure for this sale can be found here. Insiders have sold 294,000 shares of company stock valued at $47,461,490 over the last 90 days. 1.42% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

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.