Quantitative Investment Management LLC Makes New $6 Million Investment in Vistra Corp. $VST

Quantitative Investment Management LLC bought a new stake in Vistra Corp. (NYSE:VST) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 37,826 shares of the company’s stock, valued at approximately $6,000,000.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VST. Sanford C. Bernstein set a $187.00 target price on shares of Vistra and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. TD Cowen cut their price objective on shares of Vistra from $222.00 to $221.00 and set a “buy” rating for the company in a report on Wednesday, August 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Mizuho began coverage on shares of Vistra in a report on Monday, August 24th. They set an “outperform” rating and a $169.00 target price on the stock. Finally, Seaport Research Partners restated a “buy” rating and set a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Vistra currently has an average rating of “Moderate Buy” and an average target price of $223.53.

Vistra Stock Up 0.1%

VST stock opened at $137.16 on Monday. The stock has a 50-day simple moving average of $151.62 and a two-hundred day simple moving average of $155.50. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The firm has a market capitalization of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87.

Vistra (NYSE:VST) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $5.46 billion. On average, equities 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. Investors of record on Monday, September 21st will be issued a dividend of $0.23 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 0.7%. Vistra’s payout ratio is currently 15.54%.

Insider Activity

In other news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John R. Sult sold 6,500 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares in the company, valued at approximately $12,021,380. The trade was a 8.42% 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. Over the last 90 days, insiders have sold 36,588 shares of company stock valued at $5,914,427. 0.92% of the stock is owned by company insiders.

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.