Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 71,800 Shares of Vistra Corp. $VST

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund significantly increased its holdings in Vistra Corp. by acquiring 71,800 shares, boosting its position by 4,223.5% and reaching a total worth of approximately $8.63 million.
• Vistra Corp. reported earnings per share (EPS) of $1.01 for the last quarter, falling short of analyst expectations of $1.63, with revenue also missing consensus estimates at $4.25 billion.
• The company recently announced an increase in its quarterly dividend from $0.23 to $0.226, with a payout date set for September 30th, representing an annual yield of 0.4%.

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Vistra Corp. (NYSE:VST - Free Report) by 4,223.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,500 shares of the company's stock after purchasing an additional 71,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Vistra were worth $8,632,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. HM Payson & Co. raised its holdings in shares of Vistra by 275.4% in the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares during the last quarter. Ameriflex Group Inc. bought a new position in Vistra during the fourth quarter worth $32,000. Keener Financial Planning LLC bought a new position in Vistra during the first quarter worth $34,000. Zions Bancorporation National Association UT bought a new position in Vistra during the first quarter worth $39,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Vistra in the first quarter valued at about $46,000. Institutional investors own 90.88% of the company's stock.

Insider Transactions at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of Vistra stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the completion of the sale, the executive vice president owned 88,073 shares of the company's stock, valued at $14,218,505.12. This trade represents a 28.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction on Friday, June 6th. The shares were sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director directly owned 75,946 shares of the company's stock, valued at $13,037,649.82. This trade represents a 24.77% 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 valued at $47,461,490 over the last ninety days. Insiders own 1.42% of the company's stock.

Vistra Stock Performance

Shares of VST stock traded down $5.16 during trading hours on Friday, reaching $197.19. 4,021,603 shares of the company's stock were exchanged, compared to its average volume of 5,030,360. The company has a market cap of $66.81 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company's 50 day moving average is $191.90 and its two-hundred day moving average is $157.34. Vistra Corp. has a 1 year low of $72.90 and a 1 year high of $216.85.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The business had revenue of $4.25 billion for 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%. Equities research analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be issued a $0.226 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's dividend payout ratio is 14.35%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley increased their price target on Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research report on Wednesday, June 18th. UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, July 25th. BMO Capital Markets lifted their price target on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial assumed coverage on Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 target price for the company. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $192.62.

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.