Landscape Capital Management L.L.C. Acquires New Holdings in Vistra Corp. $VST

Landscape Capital Management L.L.C. bought a new stake in Vistra Corp. (NYSE:VST) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,201 shares of the company’s stock, valued at approximately $1,460,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VST. Korea Investment CORP increased its holdings in shares of Vistra by 4.6% during the second quarter. Korea Investment CORP now owns 483,269 shares of the company’s stock worth $76,661,000 after buying an additional 21,370 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Vistra by 1,646.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 189,132 shares of the company’s stock valued at $30,002,000 after acquiring an additional 178,303 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Vistra by 37.8% during the 2nd quarter. Rakuten Securities Inc. now owns 2,136 shares of the company’s stock valued at $339,000 after acquiring an additional 586 shares in the last quarter. Burnham & Co LLC acquired a new stake in shares of Vistra during the 2nd quarter valued at $1,795,000. Finally, Robinhood Asset Management LLC grew its position in Vistra by 36.2% during the 2nd quarter. Robinhood Asset Management LLC now owns 70,919 shares of the company’s stock worth $11,250,000 after acquiring an additional 18,840 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

NYSE VST opened at $136.43 on Friday. The company has a market capitalization of $45.79 billion, a price-to-earnings ratio of 23.05 and a beta of 1.41. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82. The stock has a fifty day simple moving average of $153.73 and a 200 day simple moving average of $155.83.

Vistra (NYSE:VST) last announced its earnings results on Friday, August 7th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.85). Vistra had a return on equity of 108.68% and a net margin of 11.55%.The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Sell-side analysts expect that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 21st. Vistra’s dividend payout ratio is 15.54%.

Insider Buying and Selling

In other Vistra news, Director John R. Sult sold 6,500 shares of the stock in a transaction that occurred on 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 sale, the director owned 70,714 shares of the company’s stock, valued at approximately $12,021,380. This represents a 8.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Margaret Montemayor sold 5,000 shares of Vistra stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the sale, the chief accounting officer owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. The trade was a 25.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 41,588 shares of company stock valued at $6,739,227 in the last ninety days. Insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VST shares. Seaport Research Partners reaffirmed a “buy” rating and issued a $230.00 target price on shares of Vistra in a report on Monday, June 15th. BNP Paribas Exane set a $255.00 price target on Vistra in a research note on Wednesday. Morgan Stanley boosted their price target on Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a report on Friday. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $226.94.

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.