Saudi Central Bank Buys 11,192 Shares of Vistra Corp. $VST

Key Points

• Saudi Central Bank increased its Vistra stake by 89.5% in the second quarter, purchasing 11,192 additional shares and bringing its holdings to 23,698 shares valued at approximately $3.76 million. Institutional investors collectively own 90.88% of the company.
• Vistra insiders sold 31,988 shares worth roughly $5.18 million over the past 90 days under pre-arranged Rule 10b5-1 trading plans, while insider ownership remains low at 0.92%.
• Analysts maintain a generally positive outlook, with Vistra receiving a consensus “Moderate Buy” rating and an average price target of $223.53, despite the company missing quarterly earnings and revenue estimates.

Saudi Central Bank increased its stake in Vistra Corp. (NYSE:VST - Free Report) by 89.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,698 shares of the company's stock after purchasing an additional 11,192 shares during the period. Saudi Central Bank's holdings in Vistra were worth $3,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Vistra during the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Vistra during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. acquired a new position in shares of Vistra in the fourth quarter valued at $30,000. Strive Financial Group LLC acquired a new position in Vistra in the 4th quarter valued at about $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of Vistra in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In related news, Director Scott B. Helm sold 25,000 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the sale, the director owned 232,200 shares in the company, valued at approximately $37,152,000. This represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the sale, the director owned 70,714 shares of the company's stock, valued at approximately $12,021,380. This represents a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 31,988 shares of company stock valued at $5,178,427. Insiders own 0.92% of the company's stock.

Wall Street Analysts Forecast Growth

VST has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Vistra from a "hold (c+)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Morgan Stanley boosted their price target on Vistra from $212.00 to $227.00 and gave the stock an "overweight" rating in a report on Friday, August 21st. Scotiabank upped 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. The Goldman Sachs Group set a $206.00 target price on Vistra in a report on Wednesday, August 12th. Finally, UBS Group cut their price target on shares of Vistra from $233.00 to $227.00 and set a "buy" rating on the stock in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Vistra presently has an average rating of "Moderate Buy" and a consensus target price of $223.53.

Vistra Price Performance

Vistra stock opened at $149.27 on Monday. 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 stock has a market capitalization of $50.10 billion, a price-to-earnings ratio of 25.21 and a beta of 1.40. The stock's 50 day moving average price is $149.39 and its two-hundred day moving average price is $154.70. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.

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

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.23 per share. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. Vistra's dividend payout ratio (DPR) is presently 15.54%.

Vistra 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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