Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Purchases New Position in Vistra Corp. $VST

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 19,000 shares of the company’s stock, valued at approximately $3,014,000.

Other large investors have also added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Vistra during the 4th quarter worth approximately $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Vistra in the fourth quarter valued at $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Vistra in the fourth quarter valued at $30,000. Strive Financial Group LLC purchased a new position in shares of Vistra in the fourth quarter valued at $33,000. Finally, Salomon & Ludwin LLC increased its position in Vistra by 74.8% in the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Insider Activity

In related news, Director John R. Sult sold 6,500 shares of Vistra stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $170.00, for a total transaction of $1,105,000.00. Following the completion of the transaction, the director directly owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. The trade was a 8.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the transaction, the chief accounting officer owned 9,760 shares in the company, valued at $1,561,600. The trade was a 32.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 41,588 shares of company stock worth $6,739,227. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on VST shares. JPMorgan Chase & Co. decreased their price target on shares of Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley lifted their price objective on shares of Vistra from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. TD Cowen reduced their target price on shares of Vistra from $230.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Raymond James Financial set a $208.00 target price on shares of Vistra in a research report on Monday, April 27th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $230.00 price target on shares of Vistra in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Vistra presently has an average rating of “Buy” and a consensus price target of $228.56.

Vistra Stock Up 1.3%

Shares of VST opened at $148.33 on Friday. The company has a market cap of $49.79 billion, a PE ratio of 25.06 and a beta of 1.41. The business has a fifty day moving average of $154.14 and a 200 day moving average of $156.56. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82. The company has a quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 5.87.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.23 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, September 21st. Vistra’s payout ratio is currently 15.54%.

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.