Jupiter Topco LLC Takes $262.17 Million Position in Vistra Corp. $VST

Jupiter Topco LLC acquired a new position in Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,652,733 shares of the company’s stock, valued at approximately $262,169,000.

A number of other large investors have also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Vistra in the 4th quarter worth approximately $25,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Vistra in the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Vistra in the 4th quarter valued at $30,000. Strive Financial Group LLC acquired a new stake in shares of Vistra in the fourth quarter worth $33,000. Finally, IFC & Insurance Marketing Inc. purchased a new position in shares of Vistra during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity

In other news, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at $1,561,600. This represents a 32.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director directly owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 36,588 shares of company stock worth $5,914,427. Corporate insiders own 0.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VST. Morgan Stanley boosted their target price on shares of Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a research report on Friday. Seaport Research Partners reaffirmed a “buy” rating and set a $230.00 target price on shares of Vistra in a report on Monday, June 15th. BNP Paribas Exane set a $255.00 price target on Vistra in a research report on Wednesday, August 19th. UBS Group decreased their price target on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Finally, Scotiabank raised their price objective on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $223.53.

Vistra Trading Up 2.5%

Shares of Vistra stock opened at $139.09 on Wednesday. The stock has a market cap of $46.68 billion, a P/E ratio of 23.50 and a beta of 1.41. The stock’s 50 day simple moving average is $152.99 and its 200-day simple moving average is $155.70. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $219.82. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Analysts predict that Vistra Corp. will post 9.21 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 21st. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 15.54%.

About Vistra

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.