Meeder Advisory Services Inc. Acquires New Position in Vistra Corp. $VST

Meeder Advisory Services Inc. acquired a new stake in Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,061 shares of the company’s stock, valued at approximately $1,596,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Vistra in the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Vistra during the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. acquired a new stake in Vistra during the fourth quarter valued at $30,000. Triumph Capital Management acquired a new stake in Vistra during the third quarter valued at $38,000. Finally, Strive Asset Management LLC purchased a new position in Vistra in the third quarter valued at about $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Trading Up 1.4%

Shares of NYSE:VST opened at $142.44 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 5.87. The stock has a market capitalization of $47.81 billion, a PE ratio of 24.06 and a beta of 1.41. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The firm has a fifty day moving average price of $154.10 and a 200 day moving average price of $156.11.

Vistra (NYSE:VST) last posted its earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Analysts expect that Vistra Corp. will post 9.23 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.54%.

Analysts Set New Price Targets

Several research analysts have weighed in on VST shares. UBS Group dropped their target price on Vistra from $233.00 to $227.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. BNP Paribas Exane set a $255.00 price target on Vistra in a report on Wednesday. Scotiabank boosted their price target on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and an average price target of $226.00.

Insider Buying and Selling

In related news, CAO Margaret Montemayor sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the sale, the chief accounting officer directly owned 14,360 shares in the company, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Sult sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the sale, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This trade represents a 8.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 over the last 90 days. 0.92% of the stock is currently owned by 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.