OMERS ADMINISTRATION Corp Raises Holdings in Vistra Corp. $VST

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Vistra Corp by 13.4%, holding 27,508 shares worth approximately $3.23 million.
• Research analysts are optimistic, with multiple firms raising their price targets for Vistra, setting a target between $201.43 and $241.00 and several rating it as a strong-buy.
• Vistra announced a quarterly dividend increase to $0.226 per share, reflecting a 0.5% yield, and has a low dividend payout ratio of 14.35%.

OMERS ADMINISTRATION Corp raised its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 13.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,508 shares of the company's stock after purchasing an additional 3,249 shares during the period. OMERS ADMINISTRATION Corp's holdings in Vistra were worth $3,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VST. HM Payson & Co. raised its position in Vistra by 275.4% during the 1st quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after purchasing an additional 168 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Vistra during the fourth quarter valued at about $32,000. Keener Financial Planning LLC purchased a new position in Vistra in the first quarter valued at about $34,000. Zions Bancorporation National Association UT purchased a new position in Vistra in the first quarter valued at about $39,000. Finally, Opal Wealth Advisors LLC bought a new position in Vistra in the first quarter worth about $46,000. 90.88% of the stock is owned by institutional investors.

Insider Activity at Vistra

In other news, Director John R. Sult sold 25,000 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director owned 75,946 shares in the company, valued at $13,037,649.82. This represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by insiders.

Vistra Stock Performance

Shares of VST stock traded up $1.44 during mid-day trading on Thursday, reaching $189.56. The stock had a trading volume of 1,038,674 shares, compared to its average volume of 6,893,553. The business's fifty day moving average is $195.59 and its 200-day moving average is $159.63. 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 cap of $64.23 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.18 and a beta of 1.33. Vistra Corp. has a 1-year low of $72.90 and a 1-year high of $216.85.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. On average, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be issued a $0.226 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, September 19th. Vistra's dividend payout ratio is currently 14.35%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VST. Melius Research upgraded shares of Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Melius began coverage on shares of Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Vistra from $145.00 to $241.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Raymond James Financial started coverage on Vistra in a research report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 target price on the stock. Finally, Evercore ISI set a $192.00 target price on Vistra and gave the company an "outperform" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.43.

Vistra 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.