Vistra Corp. $VST Holdings Lifted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of Vistra Corp. (NYSE:VST) by 55.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 240,909 shares of the company’s stock after purchasing an additional 85,587 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Vistra were worth $38,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Vistra during the fourth quarter valued at $25,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Vistra during the third quarter valued at $28,000. Salomon & Ludwin LLC grew its holdings in shares of Vistra by 74.8% during the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 92 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Vistra during the third quarter valued at $38,000. Finally, Strive Asset Management LLC purchased a new position in shares of Vistra during the third quarter valued at $38,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. TD Cowen lowered their target price on Vistra from $253.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Jefferies Financial Group restated a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wells Fargo & Company lowered their target price on Vistra from $236.00 to $234.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Finally, Raymond James Financial set a $208.00 target price on Vistra in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Vistra currently has a consensus rating of “Buy” and a consensus price target of $233.33.

Insider Activity

In other news, CAO Margaret Montemayor sold 4,600 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares in the company, valued at approximately $1,561,600. This represents a 32.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.92% of the company’s stock.

Vistra Stock Performance

Shares of NYSE VST opened at $148.72 on Monday. The company has a market capitalization of $50.15 billion, a P/E ratio of 24.91 and a beta of 1.40. The business’s 50-day moving average price is $154.21 and its two-hundred day moving average price is $161.13. Vistra Corp. has a one year low of $132.66 and a one year high of $219.82. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79.

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

Vistra Increases Dividend

The business 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 is Monday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. Vistra’s dividend payout ratio is currently 15.24%.

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.