Vistra Corp. $VST Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management increased its Vistra stake by 51% in the second quarter, acquiring 472,887 additional shares and bringing its total ownership to 1.4 million shares, valued at approximately $222.2 million. Institutional investors collectively own 90.88% of Vistra.
• Vistra reported weaker-than-expected quarterly results, with earnings of $0.76 per share versus the $1.61 consensus estimate and revenue of $4.02 billion compared with expectations of $5.46 billion.
• Despite recent insider selling and the earnings miss, analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $223.53 versus the stock’s reported $137.16 price.

Wellington Management Group LLP grew its position in Vistra Corp. (NYSE:VST - Free Report) by 51.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,400,924 shares of the company's stock after buying an additional 472,887 shares during the period. Wellington Management Group LLP owned 0.42% of Vistra worth $222,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Vistra during the second quarter worth $4,610,496,000. Norges Bank acquired a new position in Vistra during the 4th quarter worth about $746,729,000. Fifth Third Bancorp boosted its holdings in Vistra by 95.1% during the 1st quarter. Fifth Third Bancorp now owns 177,199 shares of the company's stock valued at $26,638,000 after acquiring an additional 86,393 shares during the period. Payden & Rygel grew its position in Vistra by 3,118.2% in the 4th quarter. Payden & Rygel now owns 35,400 shares of the company's stock valued at $5,711,000 after acquiring an additional 34,300 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Vistra during the fourth quarter worth about $29,875,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Activity at Vistra

In other news, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the business's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares of the company's stock, valued at $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,588 shares of company stock valued at $5,914,427 over the last quarter. 0.92% of the stock is owned by insiders.

Vistra Stock Up 0.1%

Vistra stock opened at $137.16 on Monday. The stock has a market cap of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The stock's fifty day moving average is $151.62 and its two-hundred day moving average is $155.50. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82.

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

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Zacks Research lowered shares of Vistra from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 18th. Jefferies Financial Group restated a "buy" rating and issued a $190.00 price target on shares of Vistra in a research note on Thursday, May 21st. Seaport Research Partners reaffirmed a "buy" rating and set a $230.00 price objective on shares of Vistra in a research report on Monday, June 15th. Scotiabank increased their price objective on Vistra from $293.00 to $298.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Finally, BNP Paribas Exane set a $255.00 target price on Vistra in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Vistra currently has an average rating of "Moderate Buy" and an average price target of $223.53.

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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