Vistra Corp. $VST Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC significantly increased its stake in Vistra Corp. by 209.4%, owning 200,159 shares valued at approximately $23.5 million after a recent purchase of 135,467 shares.
• Vistra Corp. recently declared a quarterly dividend of $0.226, marking an increase from the previous dividend of $0.23, with a dividend yield of 0.5%.
• Analysts have mixed views on Vistra, with several firms upgrading their ratings, including a "strong-buy" from Melius Research, while consensus remains at a "Moderate Buy" with a price target of $201.43.

Intech Investment Management LLC boosted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 209.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,159 shares of the company's stock after purchasing an additional 135,467 shares during the period. Intech Investment Management LLC owned approximately 0.06% of Vistra worth $23,507,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Vistra in the 1st quarter valued at approximately $209,149,000. GAMMA Investing LLC grew its stake in shares of Vistra by 10,810.6% in the first quarter. GAMMA Investing LLC now owns 633,471 shares of the company's stock worth $74,395,000 after acquiring an additional 627,665 shares during the last quarter. PointState Capital LP raised its position in shares of Vistra by 176.7% during the fourth quarter. PointState Capital LP now owns 929,533 shares of the company's stock valued at $128,155,000 after buying an additional 593,585 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of Vistra by 102.5% during the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company's stock worth $114,309,000 after purchasing an additional 492,765 shares in the last quarter. Finally, 140 Summer Partners LP acquired a new position in Vistra in the first quarter worth about $56,876,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VST. The Goldman Sachs Group upped their price objective on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Melius Research raised Vistra to a "strong-buy" rating in a research note on Wednesday, August 20th. BMO Capital Markets raised their price objective on shares of Vistra from $191.00 to $229.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. Raymond James Financial initiated coverage on shares of Vistra in a research note on Friday, June 13th. They set a "strong-buy" rating and a $216.00 price target for the company. Finally, Wall Street Zen lowered Vistra from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.43.

Vistra Stock Up 3.1%

Vistra stock opened at $193.85 on Wednesday. The firm's fifty day moving average is $195.48 and its 200 day moving average is $160.32. The company has a market capitalization of $65.68 billion, a PE ratio of 30.92, a PEG ratio of 2.94 and a beta of 1.34. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. Vistra Corp. has a 12-month low of $74.50 and a 12-month high of $216.85.

Vistra (NYSE:VST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.62). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $5.15 billion. As a group, sell-side analysts predict 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 $0.226 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. Vistra's dividend payout ratio (DPR) is 14.35%.

Vistra Company 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.

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