Vistra Corp. $VST Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Vistra Corp. by 22.3% in Q2, owning approximately 177,697 shares valued at about $34.4 million.
• CEO James A. Burke sold 43,074 shares at an average price of $208.75, representing a 16.56% decrease in his ownership position.
• Analysts have given Vistra a buy rating across the board, with a consensus target price of $224.21 for its stock.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Vistra Corp. (NYSE:VST - Free Report) by 22.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 177,697 shares of the company's stock after acquiring an additional 32,433 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Vistra worth $34,439,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of VST. NBC Securities Inc. acquired a new stake in Vistra during the first quarter worth approximately $124,000. Merit Financial Group LLC acquired a new stake in Vistra during the first quarter worth approximately $583,000. Gilman Hill Asset Management LLC acquired a new stake in Vistra during the first quarter worth approximately $264,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Vistra by 88.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,074 shares of the company's stock worth $361,000 after acquiring an additional 1,439 shares during the last quarter. Finally, AFG Fiduciary Services Limited Partnership boosted its position in Vistra by 49.2% during the first quarter. AFG Fiduciary Services Limited Partnership now owns 2,521 shares of the company's stock worth $298,000 after acquiring an additional 831 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 43,074 shares of Vistra stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $208.75, for a total transaction of $8,991,697.50. Following the transaction, the chief executive officer owned 217,025 shares in the company, valued at approximately $45,303,968.75. The trade was a 16.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 358,274 shares of company stock worth $73,886,457. Insiders own 1.42% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on VST shares. Melius began coverage on shares of Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 target price on the stock. Daiwa America upgraded shares of Vistra from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 17th. Weiss Ratings reiterated a "buy (b)" rating on shares of Vistra in a report on Saturday, September 27th. Daiwa Capital Markets upgraded shares of Vistra from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, September 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Vistra from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $224.21.

Vistra Stock Performance

NYSE:VST opened at $202.25 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 6.58. The firm has a market capitalization of $68.53 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 3.03 and a beta of 1.33. The firm's fifty day simple moving average is $200.57 and its 200 day simple moving average is $170.06. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82.

Vistra (NYSE:VST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.62). The business had revenue of $4.25 billion for the quarter, compared to analyst estimates of $5.15 billion. Vistra had a net margin of 12.90% and a return on equity of 108.41%. As a group, equities research analysts expect that Vistra Corp. will post 7 earnings per share for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 19th were issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra's previous quarterly dividend of $0.23. Vistra's dividend payout ratio (DPR) is presently 14.35%.

About Vistra

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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