OMERS ADMINISTRATION Corp Has $10.54 Million Stock Position in Vistra Corp. $VST

OMERS ADMINISTRATION Corp boosted its holdings in Vistra Corp. (NYSE:VST) by 200.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,466 shares of the company’s stock after buying an additional 44,329 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Vistra were worth $10,544,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Vistra during the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. bought a new stake in Vistra in the 4th quarter valued at $28,000. Kemnay Advisory Services Inc. bought a new stake in Vistra in the 4th quarter valued at $30,000. Triumph Capital Management acquired a new stake in Vistra in the 3rd quarter worth $38,000. Finally, Strive Asset Management LLC acquired a new stake in Vistra in the 3rd quarter worth $38,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BNP Paribas Exane set a $255.00 price objective on shares of Vistra in a research report on Wednesday, August 19th. Weiss Ratings downgraded Vistra from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Mizuho began coverage on Vistra in a research note on Monday. They set an “outperform” rating and a $169.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Zacks Research downgraded Vistra from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. One 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $223.53.

Vistra Trading Down 0.3%

Shares of VST stock opened at $135.74 on Tuesday. 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 firm has a fifty day moving average of $153.38 and a 200-day moving average of $155.72. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The stock has a market cap of $45.56 billion, a price-to-earnings ratio of 22.93 and a beta of 1.41.

Vistra (NYSE:VST) last posted its earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. On average, equities research analysts forecast that Vistra Corp. will post 9.23 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.23 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is currently 15.54%.

Insider Buying and Selling

In related news, 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 completion of the transaction, the director owned 232,200 shares in the company, valued at $37,152,000. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John R. Sult sold 6,500 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $170.00, for a total value of $1,105,000.00. Following the completion of the sale, the director directly owned 70,714 shares in the company, valued at approximately $12,021,380. This represents a 8.42% 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 41,588 shares of company stock valued at $6,739,227. 0.92% of the stock is currently owned by corporate 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.