TD Waterhouse Canada Inc. Purchases 5,965 Shares of Vistra Corp. $VST

TD Waterhouse Canada Inc. boosted its holdings in Vistra Corp. (NYSE:VST) by 19.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,938 shares of the company’s stock after purchasing an additional 5,965 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Vistra were worth $5,506,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Vistra in the fourth quarter valued at $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Vistra during the fourth quarter worth about $28,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Vistra in the 4th quarter worth about $30,000. Triumph Capital Management acquired a new stake in shares of Vistra in the 3rd quarter worth about $38,000. Finally, Strive Asset Management LLC bought a new position in Vistra in the 3rd quarter valued at about $38,000. Institutional investors own 90.88% of the company’s stock.

Vistra Trading Down 0.0%

Shares of VST stock opened at $149.27 on Monday. 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 company has a market capitalization of $50.10 billion, a price-to-earnings ratio of 25.21 and a beta of 1.40. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a 50-day simple moving average of $149.39 and a two-hundred day simple moving average of $154.70.

Vistra (NYSE:VST) last posted its 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). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Research analysts anticipate that Vistra Corp. will post 9.21 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared 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 represents a $0.92 dividend on an annualized basis and a yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio is 15.54%.

Insiders Place Their Bets

In related news, CEO James Burke purchased 4,465 shares of Vistra stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average price of $135.25 per share, for a total transaction of $603,891.25. Following the completion of the transaction, the chief executive officer owned 1,146,352 shares in the company, valued at $155,044,108. This represents a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Scott B. Helm sold 25,000 shares of the firm’s stock in a transaction dated 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 owned 232,200 shares of the company’s stock, valued at $37,152,000. This trade represents 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. Over the last three months, insiders have sold 31,988 shares of company stock valued at $5,178,427. 0.92% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on VST. Mizuho initiated coverage on Vistra in a research note on Monday, August 24th. They set an “outperform” rating and a $169.00 price target for the company. UBS Group lowered their price objective on Vistra from $233.00 to $227.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. Morgan Stanley raised their target price on Vistra from $212.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, August 21st. The Goldman Sachs Group set a $206.00 target price on Vistra in a research report on Wednesday, August 12th. Finally, Scotiabank upped their price target on Vistra from $293.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. One equities research 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. Based on data from MarketBeat.com, Vistra currently has an average rating of “Moderate Buy” and a consensus target price of $223.53.

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.