Dynamic Technology Lab Private Ltd Makes New $1.45 Million Investment in Vistra Corp. $VST

Dynamic Technology Lab Private Ltd purchased a new stake in Vistra Corp. (NYSE:VST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,379 shares of the company’s stock, valued at approximately $1,445,000.

A number of other hedge funds also recently made changes to their positions in the business. Bridgewater Advisors Inc. grew its position in shares of Vistra by 3.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock valued at $350,000 after acquiring an additional 53 shares during the period. Y.D. More Investments Ltd increased its stake in shares of Vistra by 7.1% during the 3rd quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after purchasing an additional 61 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Vistra by 2.0% in the 3rd quarter. Ballentine Partners LLC now owns 3,275 shares of the company’s stock valued at $642,000 after purchasing an additional 63 shares during the period. Wealth Effects LLC lifted its stake in Vistra by 1.1% in the 3rd quarter. Wealth Effects LLC now owns 5,782 shares of the company’s stock valued at $1,133,000 after purchasing an additional 65 shares during the last quarter. Finally, Guardian Asset Advisors LLC lifted its stake in Vistra by 3.0% in the 3rd quarter. Guardian Asset Advisors LLC now owns 2,281 shares of the company’s stock valued at $447,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Stock Down 5.2%

Vistra stock opened at $158.76 on Friday. The company’s 50-day moving average price is $163.60 and its two-hundred day moving average price is $179.41. The company has a quick ratio of 0.88, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. The stock has a market cap of $53.79 billion, a P/E ratio of 73.16, a P/E/G ratio of 0.96 and a beta of 1.42. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The firm had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. As a group, analysts expect that Vistra Corp. will post 7 EPS for the current year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be issued a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.91 dividend on an annualized basis and a yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 41.94%.

Insider Buying and Selling

In other Vistra news, CEO James A. Burke sold 22,251 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the transaction, the chief executive officer owned 297,998 shares in the company, valued at $48,290,575.90. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VST shares. Morgan Stanley reissued an “overweight” rating and set a $215.00 price target on shares of Vistra in a research report on Friday, February 20th. Bank of America cut their price objective on Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Scotiabank lifted their target price on Vistra from $287.00 to $293.00 and gave the stock an “outperform” rating in a research note on Monday, January 12th. Wells Fargo & Company decreased their target price on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $236.40.

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.