Vistra Corp. $VST Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Vistra Corp. (NYSE:VST) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 8,965,648 shares of the company’s stock after acquiring an additional 97,424 shares during the quarter. Geode Capital Management LLC’s holdings in Vistra were worth $1,441,112,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Vistra by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 41,588,784 shares of the company’s stock valued at $6,709,519,000 after purchasing an additional 390,157 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Vistra by 0.8% during the third quarter. Invesco Ltd. now owns 4,572,642 shares of the company’s stock valued at $895,872,000 after purchasing an additional 35,258 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Vistra by 11.3% during the third quarter. Franklin Resources Inc. now owns 2,983,868 shares of the company’s stock valued at $584,599,000 after purchasing an additional 303,573 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Vistra by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 2,344,142 shares of the company’s stock valued at $459,264,000 after purchasing an additional 16,321 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Vistra by 9.5% during the third quarter. Neuberger Berman Group LLC now owns 2,056,544 shares of the company’s stock valued at $402,951,000 after purchasing an additional 178,835 shares during the last quarter. 90.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vistra

In other news, EVP Stephanie Zapata Moore sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $160.31, for a total transaction of $1,603,100.00. Following the completion of the sale, the executive vice president directly owned 114,409 shares of the company’s stock, valued at $18,340,906.79. This trade represents a 8.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is owned by company insiders.

Vistra Stock Up 0.2%

VST opened at $160.43 on Friday. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The business has a 50-day moving average of $154.40 and a 200-day moving average of $162.09. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The company has a market capitalization of $54.09 billion, a PE ratio of 26.87 and a beta of 1.43.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Equities research analysts forecast that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be paid a dividend of $0.229 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s dividend payout ratio (DPR) is 15.24%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 target price on shares of Vistra in a report on Thursday, May 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $241.00 target price on shares of Vistra in a report on Monday, March 2nd. Weiss Ratings raised Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. TD Cowen reduced their price objective on Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, The Goldman Sachs Group raised Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $233.33.

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.