Nykredit A S Invests $7.58 Million in Vistra Corp. $VST

Key Points

• Nykredit A/S acquired 47,818 Vistra shares in the second quarter, valued at approximately $7.58 million. Institutional investors collectively own 90.88% of Vistra’s outstanding stock.
• Vistra reported weaker-than-expected quarterly results, with EPS of $0.76 versus the $1.61 consensus estimate and revenue of $4.02 billion versus expectations of $5.46 billion.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $221.88, well above its reported price of $140.68.

Nykredit A S bought a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 47,818 shares of the company's stock, valued at approximately $7,585,000.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Vistra during the second quarter worth about $4,610,496,000. Norges Bank acquired a new position in shares of Vistra during the fourth quarter worth approximately $746,729,000. Capital World Investors bought a new position in Vistra in the fourth quarter valued at about $574,499,000. Bank of America Corp DE bought a new position in Vistra in the second quarter valued at approximately $468,354,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Vistra during the 2nd quarter worth about $381,938,000. 90.88% of the stock is currently owned by institutional investors.

Vistra Trading Up 0.0%

NYSE:VST opened at $140.68 on Tuesday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The firm's fifty day moving average is $146.91 and its 200-day moving average is $152.70. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The firm has a market cap of $47.22 billion, a P/E ratio of 23.76 and a beta of 1.40.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Equities analysts expect that Vistra Corp. will post 9.19 earnings per share for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 21st. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. Vistra's payout ratio is 15.54%.

Insider Activity at Vistra

In other news, CEO James Burke acquired 4,465 shares of Vistra stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $135.25 per share, with a total value of $603,891.25. Following the completion of the acquisition, the chief executive officer owned 1,146,352 shares in the company, valued at approximately $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott A. Hudson sold 44,444 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $151.82, for a total transaction of $6,747,488.08. Following the transaction, the executive vice president owned 331,137 shares of the company's stock, valued at $50,273,219.34. This represents a 11.83% 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. 0.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VST shares. Morgan Stanley boosted their price objective on Vistra from $212.00 to $227.00 and gave the company an "overweight" rating in a research report on Friday, August 21st. Weiss Ratings cut shares of Vistra from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, August 13th. TD Cowen cut their price target on Vistra from $222.00 to $221.00 and set a "buy" rating for the company in a report on Wednesday, August 19th. Scotiabank raised their price objective on shares of Vistra from $293.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Finally, UBS Group reduced their price objective on shares of Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $221.88.

About Vistra

Vistra Corp. is an integrated energy company headquartered in Irving, Texas. The company operates electricity generation and retail energy businesses, serving residential, commercial, industrial and wholesale customers primarily across the United States.

Vistra's generation portfolio includes natural gas, nuclear, coal, solar and battery energy storage facilities. Through its retail operations, the company provides electricity, natural gas and renewable energy plans under brands that include TXU Energy, Dynegy, Homefield Energy and Ambit Energy.

The company was established in 2016 following the separation of Energy Future Holdings' competitive energy businesses.

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