Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Buys New Position in Vistra Corp. $VST

Key Points

• Mivtachim purchased 19,000 Vistra shares worth approximately $3.0 million during the second quarter. Institutional investors collectively own 90.88% of Vistra’s stock.
• Analysts maintain a broadly positive view, with the stock carrying a consensus “Buy” rating and an average price target of $228.56, despite some target reductions.
• Vistra shares opened at $148.33, while directors sold a combined 41,588 shares worth about $6.7 million over the past 90 days. The company also declared a quarterly dividend of $0.23 per share, equivalent to a 0.6% annualized yield.

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in Vistra Corp. (NYSE:VST - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,000 shares of the company's stock, valued at approximately $3,014,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in shares of Vistra in the fourth quarter worth about $746,729,000. Fifth Third Bancorp grew its stake in shares of Vistra by 95.1% during the 1st 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 during the period. Payden & Rygel grew its stake in shares of Vistra by 3,118.2% during the 4th 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 during the period. Signature Estate & Investment Advisors LLC bought a new position in shares of Vistra during the 4th quarter valued at approximately $29,875,000. Finally, Wealth High Governance Capital Ltda purchased a new stake in Vistra in the 1st quarter worth approximately $10,543,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on VST shares. TD Cowen decreased their target price on shares of Vistra from $230.00 to $222.00 and set a "buy" rating on the stock in a research note on Monday, July 27th. Weiss Ratings lowered shares of Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday. The Goldman Sachs Group set a $206.00 price objective on shares of Vistra in a research note on Wednesday. Sanford C. Bernstein set a $187.00 price objective on shares of Vistra and gave the company an "outperform" rating in a research report on Tuesday, June 16th. Finally, Scotiabank lifted their target price on shares of Vistra from $293.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $228.56.

Insider Activity at Vistra

In other news, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 $37,152,000. This trade represents a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the business's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares in the company, valued at $12,021,380. This trade represents a 8.42% 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. In the last 90 days, insiders sold 41,588 shares of company stock valued at $6,739,227. Corporate insiders own 0.92% of the company's stock.

Vistra Stock Up 1.3%

Shares of VST opened at $148.33 on Friday. The business's 50 day moving average is $154.14 and its 200 day moving average is $156.56. The company has a current ratio of 0.97, a quick ratio of 0.79 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 company has a market capitalization of $49.79 billion, a PE ratio of 25.06 and a beta of 1.41.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra's 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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