DNB Asset Management AS Has $6.88 Million Holdings in Vistra Corp. (NYSE:VST)

DNB Asset Management AS grew its holdings in Vistra Corp. (NYSE:VST) by 7.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,058 shares of the company’s stock after purchasing an additional 5,464 shares during the period. DNB Asset Management AS’s holdings in Vistra were worth $6,883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of Vistra by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,146,598 shares of the company’s stock valued at $236,779,000 after purchasing an additional 300,355 shares during the last quarter. Franklin Resources Inc. increased its holdings in Vistra by 6.2% during the fourth quarter. Franklin Resources Inc. now owns 4,797,515 shares of the company’s stock worth $184,800,000 after buying an additional 282,056 shares during the last quarter. Third Point LLC increased its holdings in Vistra by 27.6% during the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock worth $177,192,000 after buying an additional 995,748 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Vistra by 2.4% during the fourth quarter. Clearbridge Investments LLC now owns 4,244,963 shares of the company’s stock worth $163,516,000 after buying an additional 99,055 shares during the last quarter. Finally, Castle Hook Partners LP increased its holdings in Vistra by 470.0% during the first quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock worth $262,569,000 after buying an additional 3,108,511 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of Vistra stock traded up $4.18 during trading on Tuesday, reaching $74.38. The company’s stock had a trading volume of 6,280,519 shares, compared to its average volume of 6,774,609. The business’s 50-day moving average price is $85.95 and its 200-day moving average price is $72.17. The firm has a market cap of $25.84 billion, a PE ratio of 45.62 and a beta of 1.05. Vistra Corp. has a 52 week low of $28.39 and a 52 week high of $107.24. The company has a quick ratio of 0.96, a current ratio of 1.08 and a debt-to-equity ratio of 3.06.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.39). Vistra had a return on equity of 24.72% and a net margin of 5.66%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $3.81 billion. Equities analysts forecast that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.2195 per share. This is a boost from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, September 20th. This represents a $0.88 annualized dividend and a yield of 1.18%. Vistra’s dividend payout ratio is currently 53.37%.

Analyst Upgrades and Downgrades

VST has been the topic of a number of recent analyst reports. UBS Group boosted their target price on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Morgan Stanley boosted their target price on shares of Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Guggenheim raised shares of Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Janney Montgomery Scott initiated coverage on shares of Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 price objective for the company. Finally, BMO Capital Markets lifted their price objective on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $87.83.

Insider Buying and Selling

In other news, Director Lisa Crutchfield acquired 335 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $89.46 per share, with a total value of $29,969.10. Following the completion of the transaction, the director now directly owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by company insiders.

Vistra 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.