Vistra Corp. $VST Shares Acquired by Korea Investment CORP

Key Points

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Korea Investment CORP lifted its stake in shares of Vistra Corp. (NYSE:VST - Free Report) by 34.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 473,475 shares of the company's stock after purchasing an additional 121,047 shares during the period. Korea Investment CORP owned 0.14% of Vistra worth $55,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amalgamated Bank boosted its holdings in shares of Vistra by 1.9% during the 1st quarter. Amalgamated Bank now owns 73,908 shares of the company's stock worth $8,680,000 after purchasing an additional 1,387 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Vistra in the first quarter valued at approximately $341,000. Dynamic Advisor Solutions LLC acquired a new position in Vistra in the first quarter valued at approximately $432,000. Envestnet Asset Management Inc. lifted its holdings in Vistra by 29.1% in the first quarter. Envestnet Asset Management Inc. now owns 255,629 shares of the company's stock valued at $30,021,000 after acquiring an additional 57,551 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Vistra by 12.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,955 shares of the company's stock valued at $230,000 after acquiring an additional 224 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Up 0.0%

Vistra stock traded up $0.0160 during midday trading on Friday, reaching $190.2960. The company's stock had a trading volume of 3,444,858 shares, compared to its average volume of 7,087,100. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 6.58. The company has a market cap of $64.48 billion, a P/E ratio of 30.35, a P/E/G ratio of 2.22 and a beta of 1.30. The business has a 50-day simple moving average of $193.90 and a 200-day simple moving average of $158.19.

Vistra (NYSE:VST - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $5.15 billion. On average, research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be paid a $0.226 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, September 19th. Vistra's payout ratio is 14.35%.

Insiders Place Their Bets

In other news, Director Scott B. Helm sold 50,000 shares of Vistra stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $172.75, for a total transaction of $8,637,500.00. Following the sale, the director owned 255,192 shares in the company, valued at approximately $44,084,418. The trade was a 16.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John R. Sult sold 25,000 shares of Vistra stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $171.67, for a total value of $4,291,750.00. Following the sale, the director owned 75,946 shares in the company, valued at $13,037,649.82. This trade represents a 24.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,000 shares of company stock valued at $18,579,650. 1.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VST has been the topic of a number of recent analyst reports. Melius initiated coverage on Vistra in a report on Wednesday. They issued a "buy" rating and a $295.00 price objective on the stock. Raymond James Financial started coverage on Vistra in a report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price objective on the stock. Evercore ISI set a $192.00 price target on Vistra and gave the stock an "outperform" rating in a research note on Thursday, May 15th. The Goldman Sachs Group upped their price target on Vistra from $179.00 to $203.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Finally, UBS Group upped their price target on Vistra from $207.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. 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 an average rating of "Moderate Buy" and a consensus price target of $199.93.

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.