Vistra Corp. $VST Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its stake in Vistra Corp. (NYSE:VST) by 21.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,137 shares of the company’s stock after acquiring an additional 3,978 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Vistra were worth $3,328,000 at the end of the most recent reporting period.

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

Vistra Trading Down 3.8%

NYSE VST opened at $157.09 on Tuesday. The firm’s 50 day moving average price is $156.46 and its two-hundred day moving average price is $158.35. The stock has a market cap of $52.97 billion, a price-to-earnings ratio of 26.31 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS 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 firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.22 billion. Equities analysts anticipate that Vistra Corp. will post 9.52 EPS for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were given a $0.229 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, June 22nd. Vistra’s payout ratio is currently 15.41%.

Insider Activity at Vistra

In related news, CAO Margaret Montemayor sold 4,600 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the transaction, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Scott B. Helm sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. The trade was a 9.72% decrease in their ownership of the stock. 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 three months, insiders have sold 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on VST shares. JPMorgan Chase & Co. lowered their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating and set a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. Weiss Ratings cut shares of Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Seaport Research Partners reiterated a “buy” rating and issued a $230.00 target price on shares of Vistra in a report on Monday, June 15th. Finally, Raymond James Financial set a $208.00 price objective on Vistra in a research note on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $230.12.

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.