Financiere des Professionnels Fonds d investissement inc. Purchases Shares of 6,425 Vistra Corp. $VST

Key Points

• Financiere des Professionnels Fonds d investissement invested approximately $1.25 million in Vistra Corp., acquiring 6,425 shares during the second quarter.
• Multiple analysts have upgraded Vistra's stock rating, with a consensus average rating of "Buy" and a target price around $210.71.
• Vistra recently announced a quarterly dividend increase to $0.226, reflecting an annual yield of 0.4%, to be paid on September 30th.

Financiere des Professionnels Fonds d investissement inc. acquired a new position in Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,425 shares of the company's stock, valued at approximately $1,245,000.

Several other large investors have also added to or reduced their stakes in VST. HM Payson & Co. boosted 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 valued at $27,000 after purchasing an additional 168 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Vistra during the 4th quarter valued at approximately $32,000. Banque Transatlantique SA boosted its position in shares of Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after purchasing an additional 132 shares in the last quarter. Keener Financial Planning LLC bought a new stake in shares of Vistra during the first quarter valued at approximately $34,000. Finally, WPG Advisers LLC bought a new stake in shares of Vistra during the first quarter valued at approximately $37,000. Institutional investors own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 217,025 shares of the company's stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 148,121 shares of company stock valued at $30,849,036 over the last 90 days. 1.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VST has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. BMO Capital Markets boosted their price objective on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Melius Research raised Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Jefferies Financial Group boosted their price target on Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Daiwa America raised Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $210.71.

Vistra Stock Performance

Shares of NYSE VST traded up $0.92 during midday trading on Friday, hitting $211.08. 9,186,274 shares of the stock traded hands, compared to its average volume of 6,796,269. The firm has a 50-day moving average of $197.82 and a two-hundred day moving average of $163.68. Vistra Corp. has a one year low of $90.51 and a one year high of $217.90. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a market capitalization of $71.52 billion, a P/E ratio of 33.67, a PEG ratio of 3.25 and a beta of 1.33.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.15 billion. On average, equities analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend 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 dividend payout ratio 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.