Calamos Advisors LLC Has $15.24 Million Holdings in Vistra Corp. $VST

Calamos Advisors LLC raised its stake in Vistra Corp. (NYSE:VST) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,374 shares of the company’s stock after purchasing an additional 5,676 shares during the period. Calamos Advisors LLC’s holdings in Vistra were worth $15,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Vistra in the 4th quarter worth approximately $746,729,000. Payden & Rygel grew its holdings in shares of Vistra by 3,118.2% during the 4th quarter. Payden & Rygel now owns 35,400 shares of the company’s stock worth $5,711,000 after purchasing an additional 34,300 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Vistra by 95.1% during the first quarter. Fifth Third Bancorp now owns 177,199 shares of the company’s stock valued at $26,638,000 after purchasing an additional 86,393 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in shares of Vistra during the fourth quarter valued at approximately $29,875,000. Finally, Legal & General Group Plc raised its stake in shares of Vistra by 12.2% in the fourth quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock valued at $285,343,000 after purchasing an additional 192,274 shares in the last quarter. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Up 0.2%

Shares of NYSE:VST opened at $158.47 on Wednesday. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The company’s fifty day moving average is $153.98 and its 200-day moving average is $158.52. The company has a market capitalization of $53.43 billion, a PE ratio of 26.55 and a beta of 1.40.

Vistra (NYSE:VST) last announced its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Equities research analysts predict that Vistra Corp. will post 9.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.229 per share. 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 0.6%. The ex-dividend date of this dividend was Monday, June 22nd. Vistra’s payout ratio is currently 15.41%.

Insider Activity

In other news, CAO Margaret Montemayor sold 4,600 shares of the firm’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 completion of the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the transaction, the director owned 53,006 shares of the company’s stock, valued at $8,109,918. This trade represents a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 41,588 shares of company stock worth $6,739,227. Corporate insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Sanford C. Bernstein set a $187.00 target price on Vistra and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Morgan Stanley reissued an “overweight” rating and issued a $210.00 price target on shares of Vistra in a report on Wednesday, June 24th. JPMorgan Chase & Co. dropped their price objective on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of Vistra in a report on Thursday, May 21st. Finally, Seaport Research Partners reiterated a “buy” rating and set a $230.00 target price on shares of Vistra in a research report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus target price of $230.31.

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.