Korea Investment CORP Has $94.69 Million Position in Vistra Corp. $VST

Korea Investment CORP trimmed its holdings in Vistra Corp. (NYSE:VST) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 483,294 shares of the company’s stock after selling 19,827 shares during the quarter. Korea Investment CORP owned about 0.14% of Vistra worth $94,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VST. Norges Bank acquired a new position in shares of Vistra during the second quarter worth approximately $930,080,000. Alkeon Capital Management LLC increased its holdings in shares of Vistra by 280.6% in the second quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock valued at $262,876,000 after purchasing an additional 1,000,000 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Vistra by 15.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after purchasing an additional 930,912 shares during the last quarter. Invesco Ltd. raised its position in Vistra by 25.2% in the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after purchasing an additional 913,350 shares during the last quarter. Finally, Palidye Holdings Caymans Ltd acquired a new position in Vistra during the 2nd quarter worth $145,987,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $241.00 price target on shares of Vistra in a report on Monday, March 2nd. Jefferies Financial Group upgraded shares of Vistra from a “hold” rating to a “buy” rating and upped their target price for the company from $191.00 to $203.00 in a research report on Tuesday, February 10th. Scotiabank raised their target price on shares of Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. The Goldman Sachs Group upgraded shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Friday, February 6th. Finally, Wells Fargo & Company dropped their price target on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Vistra has a consensus rating of “Buy” and an average price target of $236.40.

Vistra Stock Performance

VST stock opened at $158.76 on Friday. Vistra Corp. has a 1-year low of $90.51 and a 1-year high of $219.82. The company has a current ratio of 0.78, a quick ratio of 0.88 and a debt-to-equity ratio of 6.01. The firm has a market cap of $53.79 billion, a PE ratio of 73.16, a P/E/G ratio of 0.96 and a beta of 1.42. The business’s 50-day moving average price is $163.60 and its two-hundred day moving average price is $179.41.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). Vistra had a return on equity of 81.09% and a net margin of 5.32%.The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $5.75 billion. As a group, research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a $0.228 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, March 20th. Vistra’s dividend payout ratio is 41.94%.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 22,251 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the transaction, the chief executive officer directly owned 297,998 shares in the company, valued at approximately $48,290,575.90. The trade was a 6.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.42% of the stock is owned by company insiders.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.