Meitav Investment House Ltd. Acquires 200,000 Shares of Vistra Corp. $VST

Meitav Investment House Ltd. raised its stake in shares of Vistra Corp. (NYSE:VST) by 72.9% during the 1st quarter, Holdings Channel reports. The fund owned 474,300 shares of the company’s stock after purchasing an additional 200,000 shares during the period. Vistra comprises approximately 0.8% of Meitav Investment House Ltd.’s holdings, making the stock its 29th largest position. Meitav Investment House Ltd.’s holdings in Vistra were worth $71,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra during the 4th quarter worth $25,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Vistra in the third quarter valued at about $28,000. Mcguire Capital Advisors Inc. purchased a new position in Vistra in the fourth quarter valued at about $28,000. Kemnay Advisory Services Inc. bought a new position in Vistra in the fourth quarter worth about $30,000. Finally, Strive Financial Group LLC bought a new position in Vistra in the fourth quarter worth about $33,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Stock Performance

NYSE:VST traded down $2.37 during trading hours on Tuesday, hitting $154.85. 1,081,158 shares of the company were exchanged, compared to its average volume of 5,044,051. 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 Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The stock has a market capitalization of $52.21 billion, a price-to-earnings ratio of 25.94 and a beta of 1.40. The company’s 50 day moving average price is $154.38 and its 200-day moving average price is $158.74.

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

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were given a dividend of $0.229 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is presently 15.41%.

Insider Transactions at Vistra

In other Vistra news, Director Paul M. Barbas sold 244 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the sale, the director owned 53,006 shares in the company, valued at approximately $8,109,918. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the transaction, the chief accounting officer directly owned 9,760 shares in the company, valued at $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 41,588 shares of company stock worth $6,739,227. 0.92% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VST. JPMorgan Chase & Co. lowered their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Raymond James Financial set a $208.00 target price on shares of Vistra in a research note on Monday, April 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $190.00 price target on shares of Vistra in a research report on Thursday, May 21st. Seaport Research Partners reissued a “buy” rating and issued a $230.00 price objective on shares of Vistra in a research report on Monday, June 15th. Finally, Morgan Stanley restated an “overweight” rating and set a $210.00 target price on shares of Vistra in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Vistra currently has an average rating of “Buy” and a consensus target price of $230.31.

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.