Federation des caisses Desjardins du Quebec Has $11.06 Million Holdings in Vistra Corp. $VST

Key Points

• The Federation des caisses Desjardins du Quebec significantly increased its stake in Vistra Corp. by 1,152.3%, owning 94,149 shares valued at approximately $11 million as of the latest SEC filing.
• Major analysts have raised their price targets for Vistra, with Jefferies Financial Group setting a new target of $241 and Melius initiating coverage with a target of $295, indicating strong market confidence.
• Vistra recently announced a quarterly dividend increase to $0.226, representing an annual yield of 0.5%, signaling growth and positive financial management.

Federation des caisses Desjardins du Quebec boosted its holdings in Vistra Corp. (NYSE:VST - Free Report) by 1,152.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,149 shares of the company's stock after buying an additional 86,631 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Vistra were worth $11,057,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Vistra by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company's stock worth $492,102,000 after buying an additional 11,386 shares during the last quarter. Northern Trust Corp grew its position in Vistra by 1.9% in the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company's stock worth $362,166,000 after buying an additional 57,358 shares during the last quarter. Castle Hook Partners LP grew its position in Vistra by 13.6% in the fourth quarter. Castle Hook Partners LP now owns 2,964,222 shares of the company's stock worth $408,677,000 after buying an additional 353,949 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Vistra by 5.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,206,046 shares of the company's stock worth $304,148,000 after buying an additional 106,803 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Vistra in the first quarter worth approximately $209,149,000. Institutional investors and hedge funds own 90.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VST. BMO Capital Markets upped their price target on shares of Vistra from $191.00 to $229.00 and gave the company an "outperform" rating in a research report on Tuesday, August 12th. Wall Street Zen downgraded shares of Vistra from a "hold" rating to a "sell" rating in a research report on Friday. Morgan Stanley set a $207.00 price target on shares of Vistra and gave the company an "overweight" rating in a research report on Thursday, August 21st. Raymond James Financial began coverage on shares of Vistra in a research report on Friday, June 13th. They issued a "strong-buy" rating and a $216.00 price target for the company. Finally, Melius began coverage on shares of Vistra in a research report on Wednesday, August 20th. They issued a "buy" rating and a $295.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Vistra presently has an average rating of "Moderate Buy" and an average price target of $201.43.

Vistra Stock Down 1.1%

Vistra stock traded down $2.00 during trading hours on Friday, hitting $187.73. The company had a trading volume of 5,198,097 shares, compared to its average volume of 3,346,336. The firm has a market capitalization of $63.61 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80. The firm's fifty day moving average is $195.43 and its 200-day moving average is $159.84. Vistra Corp. has a fifty-two week low of $72.90 and a fifty-two week high of $216.85.

Vistra (NYSE:VST - Get Free Report) last released its quarterly earnings data 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). Vistra had a net margin of 12.90% and a return on equity of 108.41%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.226 per share. This is a positive change from Vistra's previous quarterly dividend of $0.23. The ex-dividend date is Friday, September 19th. This represents a $0.90 annualized dividend and a dividend yield of 0.5%. Vistra's dividend payout ratio (DPR) is currently 14.35%.

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.