Anthracite Investment Company Inc. Has $6.78 Million Stock Position in Vistra Corp. $VST

Anthracite Investment Company Inc. boosted its stake in Vistra Corp. (NYSE:VST) by 32.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 35,000 shares of the company’s stock after buying an additional 8,480 shares during the period. Vistra accounts for approximately 3.4% of Anthracite Investment Company Inc.’s holdings, making the stock its 6th largest position. Anthracite Investment Company Inc.’s holdings in Vistra were worth $6,783,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Vistra during the first quarter valued at $209,149,000. Assenagon Asset Management S.A. increased its position in shares of Vistra by 2,341.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 865,562 shares of the company’s stock worth $167,755,000 after purchasing an additional 830,111 shares in the last quarter. Fred Alger Management LLC lifted its holdings in Vistra by 102.5% during the 1st quarter. Fred Alger Management LLC now owns 973,339 shares of the company’s stock valued at $114,309,000 after purchasing an additional 492,765 shares during the last quarter. 140 Summer Partners LP bought a new position in Vistra during the 1st quarter valued at about $56,876,000. Finally, Hsbc Holdings PLC boosted its position in Vistra by 52.2% in the first quarter. Hsbc Holdings PLC now owns 943,057 shares of the company’s stock valued at $109,761,000 after buying an additional 323,264 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 43,074 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $208.75, for a total value of $8,991,697.50. Following the transaction, the chief executive officer directly owned 217,025 shares in the company, valued at $45,303,968.75. This trade represents a 16.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 654,583 shares of company stock valued at $134,542,882. Corporate insiders own 1.42% of the company’s stock.

Vistra Stock Up 5.4%

Shares of VST opened at $201.62 on Friday. The business’s fifty day moving average price is $199.45 and its two-hundred day moving average price is $178.94. The firm has a market capitalization of $68.31 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.86 and a beta of 1.33. Vistra Corp. has a 52 week low of $90.51 and a 52 week high of $219.82. The company has a debt-to-equity ratio of 6.58, a quick ratio of 0.80 and a current ratio of 0.90.

Vistra (NYSE:VST) last released its earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.62). The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $5.15 billion. Vistra had a return on equity of 108.41% and a net margin of 12.90%. On average, analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, September 19th. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 14.35%.

Analyst Ratings Changes

Several analysts have recently weighed in on VST shares. UBS Group raised their price objective on shares of Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Melius began coverage on Vistra in a report on Wednesday, August 20th. They set a “buy” rating and a $295.00 price target for the company. Morgan Stanley boosted their price objective on Vistra from $207.00 to $223.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. TD Cowen initiated coverage on Vistra in a report on Thursday, October 16th. They set a “buy” rating and a $250.00 target price on the stock. Finally, Wall Street Zen cut Vistra from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Vistra currently has a consensus rating of “Buy” and an average target price of $229.31.

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.