Jupiter Asset Management Ltd. Acquires 41,225 Shares of Vistra Corp. (NYSE:VST)

Jupiter Asset Management Ltd. lifted its holdings in Vistra Corp. (NYSE:VST) by 6.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 697,465 shares of the company’s stock after acquiring an additional 41,225 shares during the quarter. Jupiter Asset Management Ltd. owned 0.20% of Vistra worth $59,968,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Mather Group LLC. bought a new stake in Vistra in the first quarter worth $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Vistra in the 1st quarter valued at about $32,000. EdgeRock Capital LLC purchased a new stake in Vistra during the 2nd quarter valued at about $34,000. Riverview Trust Co bought a new position in Vistra during the 1st quarter worth approximately $39,000. Finally, ORG Partners LLC purchased a new position in Vistra in the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their price objective on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Vistra presently has an average rating of “Buy” and a consensus target price of $87.83.

Vistra Stock Performance

Shares of NYSE:VST opened at $80.06 on Thursday. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 49.12 and a beta of 1.08. The company has a 50-day moving average price of $80.20 and a 200-day moving average price of $78.89. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $107.24.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same period last year, the company posted $1.03 earnings per share. As a group, equities analysts anticipate that Vistra Corp. will post 4.86 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.2195 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.10%. This is an increase from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. Vistra’s dividend payout ratio is 53.37%.

Vistra Company 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.