Vistra Corp. $VST Stock: International Assets Investment Management LLC Grows Stake

International Assets Investment Management LLC raised its holdings in shares of Vistra Corp. (NYSE:VST) by 299.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company’s stock after acquiring an additional 7,499 shares during the quarter. International Assets Investment Management LLC’s holdings in Vistra were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of VST. BlackRock Inc. bought a new stake in Vistra during the second quarter valued at about $4,610,496,000. State Street Corp raised its stake in shares of Vistra by 0.5% in the second quarter. State Street Corp now owns 16,850,452 shares of the company’s stock worth $2,672,987,000 after buying an additional 79,972 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Vistra by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,436,880 shares of the company’s stock worth $516,616,000 after buying an additional 32,982 shares during the period. Bank of America Corp DE purchased a new position in shares of Vistra during the 2nd quarter valued at about $468,354,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Vistra during the 2nd quarter valued at about $381,938,000. Institutional investors own 90.88% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James A. Burke purchased 4,465 shares of Vistra stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of $135.25 per share, for a total transaction of $603,891.25. Following the acquisition, the chief executive officer owned 1,146,352 shares in the company, valued at approximately $155,044,108. The trade was a 0.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Hudson sold 22,222 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $160.14, for a total transaction of $3,558,631.08. Following the completion of the sale, the executive vice president owned 308,915 shares in the company, valued at approximately $49,469,648.10. The trade was a 6.71% 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. Insiders own 0.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VST shares. Mizuho began coverage on Vistra in a research note on Monday, August 24th. They set an “outperform” rating and a $169.00 price objective for the company. The Goldman Sachs Group set a $206.00 price target on shares of Vistra in a report on Wednesday, August 12th. Raymond James Financial set a $176.00 price target on shares of Vistra in a research report on Wednesday, October 21st. Wells Fargo & Company reduced their price objective on shares of Vistra from $212.00 to $198.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Finally, Zacks Research downgraded shares of Vistra from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $202.43.

Vistra Trading Up 3.8%

VST stock opened at $139.66 on Wednesday. Vistra Corp. has a 1-year low of $132.66 and a 1-year high of $196.80. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The company has a market capitalization of $46.88 billion, a price-to-earnings ratio of 23.59 and a beta of 1.37. The business has a 50 day simple moving average of $145.11 and a two-hundred day simple moving average of $153.38.

Vistra (NYSE:VST) last released its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Research analysts anticipate that Vistra Corp. will post 9.19 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 22nd will be paid a dividend of $0.2310 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a positive change from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 0.7%. Vistra’s dividend payout ratio is 15.54%.

Vistra Profile

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.