DnB Asset Management AS Increases Stock Holdings in Vistra Corp. (NYSE:VST)

DnB Asset Management AS lifted its stake in Vistra Corp. (NYSE:VSTGet Rating) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,115 shares of the company’s stock after purchasing an additional 4,125 shares during the quarter. DnB Asset Management AS’s holdings in Vistra were worth $1,785,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VST. Walleye Capital LLC lifted its stake in shares of Vistra by 499.7% during the 1st quarter. Walleye Capital LLC now owns 196,466 shares of the company’s stock worth $4,568,000 after acquiring an additional 163,703 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of Vistra by 6.7% during the 1st quarter. Advisory Services Network LLC now owns 50,325 shares of the company’s stock worth $1,170,000 after acquiring an additional 3,175 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Vistra by 107.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 239,748 shares of the company’s stock worth $5,574,000 after acquiring an additional 124,089 shares during the last quarter. Penn Capital Management Company LLC lifted its stake in shares of Vistra by 217.0% during the 1st quarter. Penn Capital Management Company LLC now owns 66,534 shares of the company’s stock worth $1,572,000 after acquiring an additional 45,545 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its stake in shares of Vistra by 296.1% during the 1st quarter. Point72 Hong Kong Ltd now owns 23,470 shares of the company’s stock worth $546,000 after acquiring an additional 17,544 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Insider Transactions at Vistra

In other news, EVP Scott A. Hudson sold 60,000 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $25.55, for a total value of $1,533,000.00. Following the completion of the transaction, the executive vice president now directly owns 177,070 shares of the company’s stock, valued at approximately $4,524,138.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Vistra news, Director Paul M. Barbas bought 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were purchased at an average cost of $24.90 per share, for a total transaction of $199,200.00. Following the purchase, the director now directly owns 90,444 shares in the company, valued at $2,252,055.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott A. Hudson sold 60,000 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $25.55, for a total value of $1,533,000.00. Following the transaction, the executive vice president now owns 177,070 shares in the company, valued at $4,524,138.50. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Vistra Trading Down 1.9 %

Shares of NYSE VST opened at $24.44 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 3.51. The business has a fifty day simple moving average of $24.77 and a two-hundred day simple moving average of $24.28. The firm has a market cap of $10.18 billion, a PE ratio of -9.66 and a beta of 0.90. Vistra Corp. has a twelve month low of $16.51 and a twelve month high of $27.39.

Vistra (NYSE:VSTGet Rating) last issued its earnings results on Friday, August 5th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $1.31. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $2.58 billion. Vistra had a positive return on equity of 27.24% and a negative net margin of 8.32%. Analysts expect that Vistra Corp. will post 1.01 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, September 21st will be given a $0.184 dividend. This represents a $0.74 annualized dividend and a dividend yield of 3.01%. This is a positive change from Vistra’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, September 20th. Vistra’s payout ratio is presently -28.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. TheStreet lowered Vistra from a “b-” rating to a “c+” rating in a research note on Tuesday, July 5th. Morgan Stanley lifted their target price on Vistra from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd.

Vistra Company Profile

(Get Rating)

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 20 states in the United States and the District of Columbia.

Further Reading

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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