UniSuper Management Pty Ltd Has $3.51 Million Stock Position in Vistra Corp. $VST

Key Points

• UniSuper Management Pty Ltd increased its shares in Vistra Corp. by 9.5%, acquiring an additional 2,591 shares, bringing its total holdings to 29,861 shares worth $3,507,000.
• Vistra's quarterly earnings report showed earnings per share of $1.01, missing estimates, with revenue of $4.25 billion, falling short of expectations of $5.15 billion.
• The company announced a dividend increase to $0.226 per share, payable on September 30th, reflecting a 0.5% yield.

UniSuper Management Pty Ltd lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,861 shares of the company's stock after purchasing an additional 2,591 shares during the period. UniSuper Management Pty Ltd's holdings in Vistra were worth $3,507,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VST. Banque Transatlantique SA increased its stake in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company's stock worth $25,000 after purchasing an additional 132 shares in the last quarter. HM Payson & Co. grew its holdings in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after buying an additional 168 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Vistra during the fourth quarter valued at $32,000. Keener Financial Planning LLC purchased a new position in shares of Vistra during the first quarter valued at $34,000. Finally, WPG Advisers LLC purchased a new position in shares of Vistra during the first quarter valued at $37,000. 90.88% of the stock is owned by hedge funds and other institutional investors.

Vistra Price Performance

Shares of VST traded down $4.54 during mid-day trading on Thursday, reaching $204.67. The company had a trading volume of 4,397,304 shares, compared to its average volume of 3,725,902. Vistra Corp. has a twelve month low of $79.03 and a twelve month high of $216.85. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The company's 50-day moving average is $196.18 and its 200-day moving average is $161.08. The company has a market capitalization of $69.35 billion, a P/E ratio of 32.64, a P/E/G ratio of 3.27 and a beta of 1.33.

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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. On average, equities analysts anticipate that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Vistra in a report on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target on the stock. Melius assumed coverage on Vistra in a research note on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price target for the company. Jefferies Financial Group boosted their price target on Vistra from $145.00 to $241.00 and gave the company a "buy" rating in a research note on Friday, August 8th. BMO Capital Markets boosted their price target on Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen cut Vistra from a "hold" rating to a "sell" rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.43.

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.