Jupiter Topco LLC Purchases New Holdings in Vistra Corp. $VST

Key Points

• Jupiter Topco LLC acquired 1.65 million Vistra shares worth approximately $262.2 million, giving it a 0.49% stake. Institutional investors collectively own 90.88% of the company.
• Analysts remain broadly bullish, with Vistra receiving a “Moderate Buy” consensus rating and an average price target of $223.53, despite some target reductions and a recent downgrade.
• Vistra’s latest quarterly results missed expectations, reporting $0.76 in EPS versus $1.61 expected and $4.02 billion in revenue versus $5.46 billion forecast. The company declared a quarterly dividend of $0.23 per share, representing a 0.7% yield.

Jupiter Topco LLC acquired a new position in Vistra Corp. (NYSE:VST - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,652,733 shares of the company's stock, valued at approximately $262,169,000. Jupiter Topco LLC owned about 0.49% of Vistra at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VST. BlackRock Inc. purchased a new stake in shares of Vistra in the 2nd quarter worth $4,610,496,000. Norges Bank purchased a new position in shares of Vistra during the fourth quarter valued at $746,729,000. Fifth Third Bancorp raised its holdings in shares of Vistra by 95.1% in the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company's stock valued at $26,638,000 after acquiring an additional 86,393 shares in the last quarter. Payden & Rygel raised its holdings in shares of Vistra by 3,118.2% in the fourth quarter. Payden & Rygel now owns 35,400 shares of the company's stock valued at $5,711,000 after acquiring an additional 34,300 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Vistra in the fourth quarter worth about $29,875,000. 90.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VST shares. Weiss Ratings downgraded shares of Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Mizuho began coverage on shares of Vistra in a research note on Monday. They set an "outperform" rating and a $169.00 price objective on the stock. Scotiabank boosted their price objective on shares of Vistra from $293.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $206.00 target price on Vistra in a report on Wednesday, August 12th. Finally, UBS Group dropped their target price on Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Vistra has an average rating of "Moderate Buy" and an average price target of $223.53.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 25,000 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director owned 232,200 shares in the company, valued at approximately $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the transaction, the director owned 53,006 shares in the company, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,588 shares of company stock worth $5,914,427 in the last three months. Insiders own 0.92% of the company's stock.

Vistra Price Performance

NYSE VST opened at $139.09 on Wednesday. The firm's fifty day simple moving average is $152.99 and its two-hundred day simple moving average is $155.70. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. Vistra Corp. has a 12-month low of $132.66 and a 12-month high of $219.82. The firm has a market capitalization of $46.68 billion, a P/E ratio of 23.50 and a beta of 1.41.

Vistra (NYSE:VST - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Analysts forecast that Vistra Corp. will post 9.21 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.23 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 21st. Vistra's dividend payout ratio is 15.54%.

Vistra Company Profile

Vistra NYSE: VST is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company's operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra's core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

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