Swiss National Bank Has $112.68 Million Holdings in Vistra Corp. (NYSE:VST)

Key Points

• Swiss National Bank has reduced its stake in Vistra Corp. by selling 11,000 shares, resulting in a total holding of 959,473 shares, which is approximately 0.28% of the company's stock.
• Vistra Corp. recently reported earnings per share (EPS) of $1.01 for the last quarter, missing the consensus estimate of $1.63, with analysts predicting a moderate buy rating and a target price of $186.69 for the stock.
• The company's recent quarterly dividend has been increased to $0.226, reflecting a positive change from the previous $0.23, with a dividend yield of 0.4%.

Swiss National Bank reduced its position in Vistra Corp. (NYSE:VST - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 959,473 shares of the company's stock after selling 11,000 shares during the period. Swiss National Bank owned about 0.28% of Vistra worth $112,681,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of VST. Envestnet Asset Management Inc. lifted its stake in Vistra by 28.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 198,078 shares of the company's stock valued at $27,309,000 after purchasing an additional 44,161 shares during the last quarter. Scotia Capital Inc. lifted its stake in Vistra by 55.0% in the 4th quarter. Scotia Capital Inc. now owns 15,869 shares of the company's stock valued at $2,188,000 after purchasing an additional 5,629 shares during the last quarter. Glass Jacobson Investment Advisors llc acquired a new stake in Vistra in the 4th quarter valued at about $164,000. Rockefeller Capital Management L.P. lifted its stake in Vistra by 239.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 72,832 shares of the company's stock valued at $10,040,000 after purchasing an additional 51,358 shares during the last quarter. Finally, Townsquare Capital LLC lifted its stake in Vistra by 17.9% in the 4th quarter. Townsquare Capital LLC now owns 5,705 shares of the company's stock valued at $787,000 after purchasing an additional 867 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group set a $241.00 price objective on shares of Vistra and gave the stock a "buy" rating in a research report on Friday, August 8th. UBS Group raised their price objective on shares of Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Morgan Stanley raised their price objective on shares of Vistra from $178.00 to $186.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. The Goldman Sachs Group raised their price objective on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, BMO Capital Markets restated an "outperform" rating and set a $229.00 price objective (up from $191.00) on shares of Vistra in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Vistra currently has an average rating of "Moderate Buy" and a consensus target price of $192.62.

Vistra Price Performance

Shares of NYSE VST traded up $1.76 during midday trading on Thursday, reaching $207.04. The company's stock had a trading volume of 669,169 shares, compared to its average volume of 7,203,393. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.77 and a current ratio of 0.90. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. The business's 50 day moving average price is $190.80 and its two-hundred day moving average price is $156.67. The company has a market cap of $70.15 billion, a P/E ratio of 32.92, a P/E/G ratio of 2.55 and a beta of 1.30.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings results 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 business 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, analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 19th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, September 19th. Vistra's payout ratio is 14.35%.

Insiders Place Their Bets

In other Vistra news, EVP Stephanie Zapata Moore sold 35,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $161.44, for a total transaction of $5,650,400.00. Following the sale, the executive vice president owned 88,073 shares of the company's stock, valued at approximately $14,218,505.12. The trade was a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John R. Sult sold 25,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $171.67, for a total transaction of $4,291,750.00. Following the sale, the director directly owned 75,946 shares in the company, valued at approximately $13,037,649.82. The trade was a 24.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 294,000 shares of company stock valued at $47,461,490 over the last three months. 1.42% of the stock is owned by corporate insiders.

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.