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

Key Points

• Institutional investors increased their stakes in Vistra. Intech Investment Management LLC boosted its holdings by 34.4% in the fourth quarter, and several other hedge funds also added shares. Institutional ownership now stands at 90.88%.
• Analysts remain largely bullish on VST. Recent reports included several price-target cuts, but the stock still carries a consensus rating of “Buy” and an average target price of $233.33.
• Vistra posted strong results and raised its dividend. The company beat quarterly earnings and revenue estimates, and it declared a quarterly dividend of $0.229 per share, payable June 30.

Intech Investment Management LLC lifted its holdings in shares of Vistra Corp. (NYSE:VST - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,921 shares of the company's stock after buying an additional 48,378 shares during the period. Intech Investment Management LLC owned approximately 0.06% of Vistra worth $30,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Investment Partners LTD. boosted its position in shares of Vistra by 5.1% during the fourth quarter. Investment Partners LTD. now owns 2,686 shares of the company's stock worth $433,000 after buying an additional 131 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Vistra by 33.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 8,410 shares of the company's stock worth $1,357,000 after buying an additional 2,107 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of Vistra by 1.4% during the fourth quarter. Thoroughbred Financial Services LLC now owns 9,198 shares of the company's stock worth $1,483,000 after buying an additional 123 shares during the period. Huntington National Bank boosted its position in shares of Vistra by 2.6% during the fourth quarter. Huntington National Bank now owns 5,396 shares of the company's stock worth $871,000 after buying an additional 137 shares during the period. Finally, Severin Investments LLC boosted its position in shares of Vistra by 85.8% during the fourth quarter. Severin Investments LLC now owns 4,247 shares of the company's stock worth $685,000 after buying an additional 1,961 shares during the period. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VST shares. JPMorgan Chase & Co. reduced their price objective on Vistra from $240.00 to $231.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group reiterated a "buy" rating and set a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. Raymond James Financial set a $208.00 price objective on Vistra in a research report on Monday, April 27th. TD Cowen reduced their price objective on Vistra from $253.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, May 4th. Finally, Wells Fargo & Company dropped their target price on Vistra from $236.00 to $234.00 and set an "overweight" rating on the stock in a report on Friday, February 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $233.33.

Insider Buying and Selling

In related news, EVP Stephanie Zapata Moore sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the sale, the executive vice president owned 114,409 shares of the company's stock, valued at $18,340,906.79. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is currently owned by insiders.

Vistra Price Performance

Shares of NYSE:VST opened at $160.43 on Friday. Vistra Corp. has a 12 month low of $132.66 and a 12 month high of $219.82. The stock has a market cap of $54.09 billion, a price-to-earnings ratio of 26.87 and a beta of 1.43. The stock's 50 day moving average price is $154.40 and its 200 day moving average price is $162.09. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.

Vistra (NYSE:VST - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $2.87 EPS for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The firm had revenue of $5.64 billion for the quarter, compared to analysts' expectations of $5.22 billion. Equities research analysts anticipate that Vistra Corp. will post 9.3 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a dividend of $0.229 per share. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.6%. Vistra's dividend payout ratio is presently 15.24%.

Vistra Company Profile

Vistra NYSE: VST is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company's operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra's core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

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