FORA Capital LLC acquired a new position in Vistra Corp. (NYSE:VST – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 35,728 shares of the company’s stock, valued at approximately $857,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in Vistra by 2.8% in the fourth quarter. HighTower Advisors LLC now owns 129,871 shares of the company’s stock worth $3,011,000 after buying an additional 3,567 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Vistra by 1.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,299 shares of the company’s stock valued at $1,615,000 after purchasing an additional 1,008 shares during the period. DAVENPORT & Co LLC bought a new stake in shares of Vistra during the first quarter valued at approximately $254,000. Counterpoint Mutual Funds LLC purchased a new stake in Vistra in the first quarter worth $105,000. Finally, Wedbush Securities Inc. raised its holdings in Vistra by 24.9% in the first quarter. Wedbush Securities Inc. now owns 33,912 shares of the company’s stock worth $814,000 after purchasing an additional 6,750 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.
In related news, EVP Stephanie Zapata Moore sold 107,466 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $30.22, for a total value of $3,247,622.52. Following the completion of the transaction, the executive vice president now directly owns 137,782 shares in the company, valued at approximately $4,163,772.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Stephanie Zapata Moore sold 107,466 shares of Vistra stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $30.22, for a total value of $3,247,622.52. Following the completion of the sale, the executive vice president now directly owns 137,782 shares in the company, valued at approximately $4,163,772.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julie A. Lagacy bought 10,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average cost of $24.84 per share, with a total value of $248,400.00. Following the transaction, the director now owns 16,923 shares in the company, valued at approximately $420,367.32. The disclosure for this purchase can be found here. Corporate insiders own 1.36% of the company’s stock.
Vistra Trading Up 2.3 %
Vistra (NYSE:VST – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.21. Vistra had a net margin of 9.60% and a return on equity of 22.75%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.78 billion. As a group, equities analysts predict that Vistra Corp. will post 3.11 earnings per share for the current fiscal year.
Vistra Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 20th will be paid a $0.206 dividend. This represents a $0.82 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, September 19th. This is an increase from Vistra’s previous quarterly dividend of $0.20. Vistra’s dividend payout ratio is currently 22.40%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on VST shares. Morgan Stanley boosted their target price on shares of Vistra from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, August 23rd. TheStreet upgraded shares of Vistra from a “c+” rating to a “b-” rating in a report on Monday, July 3rd. Finally, BMO Capital Markets raised their target price on shares of Vistra from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th.
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.
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