Vistra Corp. $VST Shares Acquired by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos increased its Vistra stake by 4.8% in the second quarter, buying 10,462 additional shares for a total of 228,300 shares worth approximately $36.2 million. Institutional investors collectively own 90.88% of Vistra.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $223.53. Recent targets range from $187 to $298, despite Vistra’s latest quarterly earnings and revenue falling below consensus estimates.
• Vistra shares opened at $139.09, near the lower end of their 52-week range, while insiders sold 36,588 shares worth $5.9 million over the past three months. The company declared a quarterly dividend of $0.23 per share, equivalent to a 0.7% annual yield.

Kapitalo Investimentos Ltda increased its stake in Vistra Corp. (NYSE:VST - Free Report) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,300 shares of the company's stock after buying an additional 10,462 shares during the period. Vistra comprises about 2.3% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 9th largest position. Kapitalo Investimentos Ltda owned approximately 0.07% of Vistra worth $36,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Vistra during the 4th quarter valued at $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Vistra in the 4th quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Vistra in the 4th quarter worth about $30,000. Strive Financial Group LLC acquired a new stake in shares of Vistra in the 4th quarter valued at about $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of Vistra in the 4th quarter valued at about $35,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paul M. Barbas sold 244 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the transaction, the director directly owned 53,006 shares of the company's stock, valued at approximately $8,109,918. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the sale, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,588 shares of company stock valued at $5,914,427 over the last three months. 0.92% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BNP Paribas Exane set a $255.00 price target on Vistra in a research note on Wednesday, August 19th. Scotiabank boosted their price objective on Vistra from $293.00 to $298.00 and gave the company an "outperform" rating in a report on Wednesday, July 15th. The Goldman Sachs Group set a $206.00 price objective on Vistra in a research note on Wednesday, August 12th. Sanford C. Bernstein set a $187.00 target price on Vistra and gave the stock an "outperform" rating in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. decreased their target price on Vistra from $240.00 to $231.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $223.53.

Vistra Trading Up 2.5%

Vistra stock opened at $139.09 on Wednesday. The firm's 50-day moving average is $152.99 and its 200-day moving average is $155.70. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The company has a market cap of $46.68 billion, a P/E ratio of 23.50 and a beta of 1.41.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. On average, equities analysts expect that Vistra Corp. will post 9.21 earnings per share for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date is Monday, September 21st. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. Vistra's payout ratio is presently 15.54%.

About Vistra

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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