Temasek Holdings Private Ltd Increases Stock Position in Vistra Corp. $VST

Key Points

• Temasek Holdings increased its stock position in Vistra Corp. by 807.7%, owning a total of 128,027 shares valued at approximately $15 million as of the latest SEC filing.
• Vistra Corp. reported a quarterly earnings miss with $1.01 EPS against an estimate of $1.63, alongside a revenue of $4.25 billion compared to projections of $5.15 billion.
• The company declared a quarterly dividend of $0.226 per share, up from the previous $0.23, indicating its commitment to returning value to shareholders.

Temasek Holdings Private Ltd boosted its position in Vistra Corp. (NYSE:VST - Free Report) by 807.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,027 shares of the company's stock after buying an additional 113,923 shares during the period. Temasek Holdings Private Ltd's holdings in Vistra were worth $15,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tamar Securities LLC purchased a new position in Vistra in the 1st quarter valued at $6,357,000. Thiel Macro LLC purchased a new position in Vistra in the 1st quarter valued at $24,515,000. UniSuper Management Pty Ltd grew its position in Vistra by 9.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 29,861 shares of the company's stock valued at $3,507,000 after buying an additional 2,591 shares during the last quarter. Scientech Research LLC purchased a new position in Vistra in the 1st quarter valued at $1,620,000. Finally, Nissay Asset Management Corp Japan ADV grew its position in Vistra by 0.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 41,920 shares of the company's stock valued at $4,923,000 after buying an additional 119 shares during the last quarter. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VST has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. UBS Group boosted their target price 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. Evercore ISI set a $192.00 target price on shares of Vistra and gave the stock an "outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their target price on shares of Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Finally, Melius Research upgraded shares of Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Vistra currently has a consensus rating of "Moderate Buy" and an average price target of $201.43.

Vistra Price Performance

Shares of NYSE VST opened at $187.73 on Friday. The firm has a market capitalization of $63.61 billion, a P/E ratio of 29.94, a PEG ratio of 2.94 and a beta of 1.33. Vistra Corp. has a one year low of $72.90 and a one year high of $216.85. The company's fifty day moving average is $195.43 and its two-hundred day moving average is $159.84. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

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

Vistra Increases Dividend

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

About Vistra

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.

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