Vistra Corp. $VST Stock Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Vistra stake by 299.8% in the third quarter, to 10,000 shares valued at about $1.38 million. Institutional investors collectively own 90.88% of the company.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $202.43; 17 analysts rate the stock Buy, while ratings also include one Strong Buy, one Hold, and one Sell.
• Vistra reported quarterly EPS of $0.76, below the $1.61 consensus, and revenue of $4.02 billion versus expectations of $5.46 billion. It also slightly raised its quarterly dividend to $0.231 per share.

International Assets Investment Management LLC increased its stake in Vistra Corp. (NYSE:VST - Free Report) by 299.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company's stock after buying an additional 7,499 shares during the period. International Assets Investment Management LLC's holdings in Vistra were worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC bought a new stake in Vistra in the third quarter worth $251,000. United Asset Strategies Inc. increased its holdings in shares of Vistra by 2.5% during the third quarter. United Asset Strategies Inc. now owns 9,096 shares of the company's stock valued at $1,258,000 after acquiring an additional 222 shares in the last quarter. Choreo LLC increased its holdings in shares of Vistra by 27.0% during the third quarter. Choreo LLC now owns 5,672 shares of the company's stock valued at $785,000 after acquiring an additional 1,207 shares in the last quarter. Willner & Heller LLC raised its position in shares of Vistra by 26.0% in the 3rd quarter. Willner & Heller LLC now owns 3,092 shares of the company's stock worth $428,000 after purchasing an additional 638 shares during the last quarter. Finally, Segra Capital Management LLC raised its position in shares of Vistra by 26.2% in the 3rd quarter. Segra Capital Management LLC now owns 373,456 shares of the company's stock worth $51,668,000 after purchasing an additional 77,500 shares during the last quarter. Institutional investors own 90.88% of the company's stock.

Insider Buying and Selling

In other news, EVP Scott A. Hudson sold 22,222 shares of the firm's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $160.14, for a total value of $3,558,631.08. Following the transaction, the executive vice president directly owned 308,915 shares in the company, valued at $49,469,648.10. This trade represents a 6.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO James Burke acquired 4,465 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average cost of $135.25 per share, with a total value of $603,891.25. Following the acquisition, the chief executive officer directly owned 1,146,352 shares of the company's stock, valued at $155,044,108. This trade represents a 0.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.92% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on VST shares. Sanford C. Bernstein reissued an "outperform" rating and set a $181.00 price objective on shares of Vistra in a research report on Thursday, October 1st. BMO Capital Markets decreased their target price on shares of Vistra from $231.00 to $210.00 and set an "outperform" rating for the company in a report on Monday, October 5th. TD Cowen dropped their target price on shares of Vistra from $222.00 to $221.00 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Mizuho began coverage on shares of Vistra in a research note on Monday, August 24th. They issued an "outperform" rating and a $169.00 target price on the stock. Finally, Lake Street Capital set a $194.00 price target on shares of Vistra in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $202.43.

Vistra Stock Performance

Shares of NYSE VST opened at $139.66 on Wednesday. The firm's 50-day moving average price is $145.11 and its 200-day moving average price is $153.38. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The company has a market cap of $46.88 billion, a PE ratio of 23.59 and a beta of 1.37. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $196.80.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, analysts anticipate that Vistra Corp. will post 9.19 EPS for the current year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 22nd will be given a $0.2310 dividend. This is a boost from Vistra's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. Vistra's payout ratio is presently 15.54%.

Vistra Profile

Vistra Corp. NYSE: VST is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.

Want to see what other hedge funds are holding VST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vistra Corp. (NYSE:VST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.