Ratan Capital Management LP Invests $2.92 Million in Vistra Corp. $VST

Key Points

• Ratan Capital Management initiated a $2.92 million position in Vistra during the second quarter, purchasing 18,409 shares. Institutional investors collectively own 90.88% of Vistra.
• Vistra’s latest quarterly results fell short of expectations, with EPS of $0.76 versus the $1.61 consensus estimate and revenue of $4.02 billion versus $5.46 billion expected. The stock opened at $137.16, near its one-year low.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and a $223.53 target price, while Vistra’s quarterly dividend remains $0.23 per share, or $0.92 annualized.

Ratan Capital Management LP acquired a new stake 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 and Exchange Commission (SEC). The firm acquired 18,409 shares of the company's stock, valued at approximately $2,920,000. Vistra accounts for about 0.9% of Ratan Capital Management LP's investment portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors have also recently made changes to their positions in VST. Equitable Holdings Inc. boosted its position in Vistra by 0.9% in the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company's stock valued at $1,380,000 after buying an additional 61 shares during the period. UMB Bank n.a. grew its stake in shares of Vistra by 3.8% in the fourth quarter. UMB Bank n.a. now owns 1,770 shares of the company's stock worth $286,000 after acquiring an additional 65 shares in the last quarter. Rothschild Investment LLC increased its position in shares of Vistra by 2.9% during the fourth quarter. Rothschild Investment LLC now owns 2,409 shares of the company's stock worth $389,000 after acquiring an additional 68 shares during the period. Outlook Wealth Advisors LLC increased its position in shares of Vistra by 4.9% during the first quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company's stock worth $227,000 after acquiring an additional 70 shares during the period. Finally, Principle Wealth Partners LLC raised its stake in shares of Vistra by 0.5% in the fourth quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company's stock valued at $2,333,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other Vistra news, Director Paul M. Barbas sold 244 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was 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 of the company's stock, valued at approximately $8,109,918. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. This trade represents a 32.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 36,588 shares of company stock valued at $5,914,427 over the last quarter. 0.92% of the stock is owned by insiders.

Vistra Stock Down 1.9%

Vistra stock opened at $137.16 on Friday. The stock has a market cap of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The stock's fifty day moving average is $151.62 and its two-hundred day moving average is $155.48. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82.

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

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.23 dividend. This is a positive change 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 dividend yield of 0.7%. Vistra's payout ratio is 15.54%.

Wall Street Analysts Forecast Growth

VST has been the subject of several analyst reports. UBS Group lowered their target price on Vistra from $233.00 to $227.00 and set a "buy" rating for the company in a research note on Tuesday, July 28th. Weiss Ratings downgraded Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Wells Fargo & Company restated an "overweight" rating and set a $212.00 target price on shares of Vistra in a research note on Monday, August 10th. TD Cowen reduced their target price on shares of Vistra from $222.00 to $221.00 and set a "buy" rating on the stock in a report on Wednesday, August 19th. Finally, Seaport Research Partners reiterated a "buy" rating and issued a $230.00 price target on shares of Vistra in a research note on Monday, June 15th. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $223.53.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source