GAMMA Investing LLC Purchases 1,304 Shares of Vistra Corp. $VST

Key Points

• GAMMA Investing LLC increased its holdings in Vistra Corp. by 24.2%, acquiring an additional 1,304 shares during the second quarter, bringing their total to 6,698 shares worth approximately $1.3 million.
• Several hedge funds have recently altered their positions in Vistra, with notable increases from firms like Assenagon Asset Management, which boosted its stake by over 2,341% in the same period.
• Vistra Corp. recently announced a quarterly dividend increase to $0.226, effective September 30th, reflecting a yield of 0.4% and a payout ratio of 14.35%.

GAMMA Investing LLC increased its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 24.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,698 shares of the company's stock after acquiring an additional 1,304 shares during the period. GAMMA Investing LLC's holdings in Vistra were worth $1,298,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VST. Nuveen LLC acquired a new stake in Vistra during the first quarter valued at approximately $209,149,000. Assenagon Asset Management S.A. boosted its stake in Vistra by 2,341.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company's stock valued at $167,755,000 after buying an additional 830,111 shares in the last quarter. Fred Alger Management LLC grew its position in Vistra by 102.5% in the first quarter. Fred Alger Management LLC now owns 973,339 shares of the company's stock valued at $114,309,000 after acquiring an additional 492,765 shares during the period. 140 Summer Partners LP acquired a new position in Vistra during the first quarter worth $56,876,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Vistra by 52.2% during the first quarter. Hsbc Holdings PLC now owns 943,057 shares of the company's stock valued at $109,761,000 after acquiring an additional 323,264 shares during the period. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

VST has been the topic of several analyst reports. Jefferies Financial Group lowered shares of Vistra from a "buy" rating to a "hold" rating in a report on Monday. Scotiabank started coverage on shares of Vistra in a research note on Monday. They set a "sector outperform" rating and a $256.00 price objective on the stock. Morgan Stanley set a $207.00 target price on shares of Vistra and gave the company an "overweight" rating in a research note on Thursday, August 21st. Daiwa Capital Markets raised Vistra from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, September 17th. Finally, Raymond James Financial initiated coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $213.73.

Vistra Price Performance

Vistra stock opened at $217.88 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The firm has a market capitalization of $73.82 billion, a P/E ratio of 34.75, a PEG ratio of 3.30 and a beta of 1.34. The business has a 50-day moving average of $198.57 and a 200-day moving average of $165.60. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82.

Vistra (NYSE:VST - Get Free Report) last released 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 firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. On average, equities analysts anticipate that Vistra Corp. will post 7 EPS 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 given a $0.226 dividend. The ex-dividend date is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio is currently 14.35%.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 21,360 shares of Vistra stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $211.50, for a total transaction of $4,517,640.00. Following the transaction, the chief executive officer directly owned 233,242 shares in the company, valued at approximately $49,330,683. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 190,847 shares of company stock worth $39,921,480. Company 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.

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