Freestone Grove Partners LP Makes New $7.61 Million Investment in Vistra Corp. $VST

Freestone Grove Partners LP acquired a new position in Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 47,957 shares of the company’s stock, valued at approximately $7,607,000.

Several other hedge funds and other institutional investors have also modified their holdings of VST. BlackRock Inc. acquired a new stake in Vistra during the 2nd quarter worth approximately $4,610,496,000. Norges Bank purchased a new position in Vistra in the fourth quarter valued at approximately $746,729,000. Capital World Investors acquired a new position in Vistra during the fourth quarter valued at approximately $574,499,000. Bank of New York Mellon Corp acquired a new position in Vistra during the second quarter valued at approximately $381,938,000. Finally, Rubric Capital Management LP purchased a new stake in Vistra during the fourth quarter worth approximately $322,660,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VST has been the subject of several recent research reports. Seaport Research Partners reissued a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research report on Monday, June 15th. Morgan Stanley lifted their target price on shares of Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. The Goldman Sachs Group set a $206.00 price target on Vistra in a report on Wednesday, August 12th. Finally, Zacks Research lowered Vistra from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Vistra has a consensus rating of “Moderate Buy” and an average target price of $223.53.

Vistra Stock Down 1.9%

Shares of NYSE VST opened at $137.16 on Friday. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82. The firm has a market cap of $46.04 billion, a price-to-earnings ratio of 23.17 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. The stock’s 50-day simple moving average is $151.62 and its 200-day simple moving average is $155.48.

Vistra (NYSE:VST) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. As a group, equities analysts anticipate that Vistra Corp. will post 9.21 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Insiders Place Their Bets

In other news, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,760 shares in the company, valued at approximately $1,561,600. This represents a 32.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott B. Helm sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the director directly owned 232,200 shares of the company’s stock, valued at $37,152,000. The trade was a 9.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 36,588 shares of company stock valued at $5,914,427. Company insiders own 0.92% of the company’s stock.

Vistra 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.