Kapitalo Investimentos Ltda Invests $33.29 Million in Vistra Corp. (NYSE:VST)

Key Points

• Kapitalo Investimentos Ltda acquired a new stake in Vistra Corp., purchasing 283,485 shares valued at approximately $33.29 million, making it the firm's 3rd largest holding.
• Vistra recently increased its quarterly dividend to $0.225 per share, representing a positive change from the previous dividend and yielding 0.47% annually.
• Wall Street analysts show optimism for Vistra, with multiple price target increases and a consensus rating of "Moderate Buy," indicating potential growth for the stock.

Kapitalo Investimentos Ltda acquired a new position in shares of Vistra Corp. (NYSE:VST - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 283,485 shares of the company's stock, valued at approximately $33,292,000. Vistra comprises about 6.8% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 3rd largest position. Kapitalo Investimentos Ltda owned approximately 0.08% of Vistra as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of VST. Norges Bank acquired a new position in shares of Vistra during the fourth quarter worth about $409,087,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Vistra by 63.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,260,363 shares of the company's stock valued at $863,116,000 after purchasing an additional 2,433,732 shares during the period. Capital International Investors acquired a new stake in shares of Vistra in the fourth quarter valued at about $286,414,000. Palidye Holdings Caymans Ltd acquired a new stake in shares of Vistra in the fourth quarter valued at about $149,451,000. Finally, D1 Capital Partners L.P. acquired a new stake in shares of Vistra in the fourth quarter valued at about $92,649,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Trading Up 4.1%

Vistra stock traded up $8.13 during trading on Wednesday, reaching $206.13. The company had a trading volume of 2,153,234 shares, compared to its average volume of 7,361,177. Vistra Corp. has a 12-month low of $66.50 and a 12-month high of $207.12. The stock's 50 day moving average price is $180.28 and its two-hundred day moving average price is $153.99. The firm has a market capitalization of $69.95 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.31 and a beta of 1.26. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.44%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 18th. Vistra's payout ratio is presently 14.15%.

Insider Transactions at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction that occurred 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 directly owned 88,073 shares in the company, valued at $14,218,505.12. The trade was a 28.44% 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. Also, Director John R. Sult sold 25,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director owned 75,946 shares of the company's stock, valued at approximately $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 294,000 shares of company stock valued at $47,461,490 in the last quarter. Insiders own 1.42% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VST. Raymond James Financial began coverage on shares of Vistra in a research note on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Vistra from $134.00 to $164.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Evercore ISI set a $192.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research note on Thursday, May 15th. Morgan Stanley raised their price objective on shares of Vistra from $178.00 to $186.00 and gave the company an "overweight" rating in a research note on Wednesday, June 18th. Finally, UBS Group raised their price objective on shares of Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $178.69.

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.