UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $172.72 Million Stock Holdings in Vistra Corp. $VST

Key Points

• UBS Asset Management increased its stake in Vistra Corp. by 8.7%, acquiring an additional 118,230 shares, bringing its total ownership to approximately 1.47 million shares valued at $172.7 million.
• Vistra recently reported quarterly earnings of $1.01 per share, which fell short of the consensus estimate of $1.63, and had revenues of $4.25 billion, below expectations of $5.15 billion.
• The company announced a dividend increase to $0.226 per share payable on September 30, raising its annualized dividend to $0.90 with a yield of 0.4%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Vistra Corp. (NYSE:VST - Free Report) by 8.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,470,680 shares of the company's stock after buying an additional 118,230 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.43% of Vistra worth $172,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focus Partners Wealth lifted its holdings in Vistra by 85.9% in the 4th quarter. Focus Partners Wealth now owns 5,703 shares of the company's stock valued at $811,000 after acquiring an additional 2,635 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in Vistra by 18.9% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 3,956 shares of the company's stock valued at $545,000 after acquiring an additional 630 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vistra by 38.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,531 shares of the company's stock valued at $5,864,000 after acquiring an additional 11,892 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Vistra by 10.3% in the 4th quarter. Nuveen Asset Management LLC now owns 1,769,749 shares of the company's stock valued at $243,995,000 after acquiring an additional 165,396 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new stake in Vistra in the 4th quarter valued at about $343,000. Institutional investors own 90.88% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VST. UBS Group increased their price target 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. Melius began coverage on Vistra in a report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price objective on the stock. BMO Capital Markets increased their price objective on Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Melius Research upgraded Vistra to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen downgraded Vistra from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $201.43.

Insider Buying and Selling

In related news, CEO James A. Burke sold 43,074 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the completion of the transaction, the chief executive officer directly owned 217,025 shares of the company's stock, valued at $45,303,968.75. This trade represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Performance

Shares of Vistra stock traded up $3.63 during midday trading on Monday, hitting $213.33. The company had a trading volume of 4,746,351 shares, compared to its average volume of 6,836,885. The business's 50 day simple moving average is $196.55 and its two-hundred day simple moving average is $161.89. The stock has a market cap of $72.28 billion, a PE ratio of 34.02, a P/E/G ratio of 3.28 and a beta of 1.34. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. Vistra Corp. has a 1-year low of $84.92 and a 1-year high of $217.90.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.25 billion during 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%. As a group, equities analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

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

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.