Neuberger Berman Group LLC Increases Position in Vistra Corp. (NYSE:VST)

Neuberger Berman Group LLC boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,256,753 shares of the company’s stock after acquiring an additional 876,525 shares during the period. Neuberger Berman Group LLC owned 1.50% of Vistra worth $134,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berman Capital Advisors LLC grew its stake in Vistra by 817.7% during the 2nd quarter. Berman Capital Advisors LLC now owns 1,505 shares of the company’s stock valued at $27,000 after acquiring an additional 1,341 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Vistra by 135.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,680 shares of the company’s stock worth $30,000 after acquiring an additional 965 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Vistra by 619.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,944 shares of the company’s stock worth $54,000 after acquiring an additional 2,535 shares during the last quarter. Eudaimonia Partners LLC acquired a new position in shares of Vistra in the 1st quarter worth approximately $57,000. Finally, PNC Managed Account Solutions Inc. acquired a new position in shares of Vistra in the 2nd quarter worth approximately $59,000. 90.31% of the stock is owned by institutional investors.

Shares of NYSE:VST opened at $19.81 on Thursday. Vistra Corp. has a 52 week low of $15.47 and a 52 week high of $24.20. The company’s 50 day moving average is $18.16 and its two-hundred day moving average is $17.87. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The company has a market cap of $9.56 billion, a PE ratio of -6.02, a P/E/G ratio of 4.16 and a beta of 0.88.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, August 5th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.15). Vistra had a negative net margin of 13.44% and a negative return on equity of 20.81%. The firm had revenue of $2.57 billion during the quarter. As a group, equities research analysts expect that Vistra Corp. will post 0.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, September 15th. Vistra’s dividend payout ratio is presently 40.54%.

Several brokerages have recently commented on VST. BMO Capital Markets upped their price objective on shares of Vistra from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday. Wolfe Research upgraded shares of Vistra from a “peer perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a report on Wednesday, July 7th. Seaport Global Securities increased their target price on shares of Vistra from $19.50 to $22.00 and gave the stock a “buy” rating in a report on Monday, June 21st. Guggenheim upgraded shares of Vistra from a “neutral” rating to a “buy” rating in a report on Thursday, July 22nd. Finally, Morgan Stanley reduced their target price on shares of Vistra from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, August 19th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $23.63.

In other news, Director Scott B. Helm acquired 5,000 shares of the company’s stock in a transaction on Thursday, August 19th. The shares were bought at an average cost of $17.98 per share, with a total value of $89,900.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Vistra Profile

Vistra Corp. is an energy company, which engages in the provision of electricity and power generation. It operates through the following segments: Retail, Texas, East, West, Sunset and Asset Closure. The Retail segment sells electricity and natural gas to residential, commercial and industrial customers.

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Institutional Ownership by Quarter for Vistra (NYSE:VST)

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