BTG Pactual Asset Management US LLC Has $5.87 Million Stake in Vistra Corp. $VST

BTG Pactual Asset Management US LLC lowered its stake in shares of Vistra Corp. (NYSE:VST) by 30.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,015 shares of the company’s stock after selling 17,161 shares during the period. BTG Pactual Asset Management US LLC’s holdings in Vistra were worth $5,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Vistra during the second quarter valued at approximately $4,610,496,000. Norges Bank acquired a new stake in Vistra in the fourth quarter worth $746,729,000. Capital World Investors acquired a new stake in Vistra in the fourth quarter worth $574,499,000. Bank of America Corp DE bought a new position in shares of Vistra during the second quarter worth $468,354,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Vistra during the second quarter worth $381,938,000. 90.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VST. Scotiabank upped their price objective on shares of Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Jefferies Financial Group reissued a “buy” rating and issued a $190.00 target price on shares of Vistra in a research note on Thursday, May 21st. BNP Paribas Exane set a $255.00 price target on Vistra in a report on Wednesday, August 19th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $212.00 price target on shares of Vistra in a research report on Monday, August 10th. Finally, Seaport Research Partners reissued a “buy” rating and set a $230.00 target price on shares of Vistra in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.53.

Insider Buying and Selling at Vistra

In related news, Director John R. Sult sold 6,500 shares of the company’s 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 sale, the director owned 70,714 shares of the company’s stock, valued at $12,021,380. This represents a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scott B. Helm sold 25,000 shares of Vistra stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director directly owned 232,200 shares in the company, valued at $37,152,000. This trade represents a 9.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,588 shares of company stock valued at $5,914,427 in the last three months. Corporate insiders own 0.92% of the company’s stock.

Vistra Price Performance

Shares of VST opened at $137.16 on Monday. The firm has a market capitalization of $46.04 billion, a PE ratio of 23.17 and a beta of 1.41. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The company’s 50-day moving average is $151.62 and its 200-day moving average is $155.50.

Vistra (NYSE:VST) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. Equities analysts forecast that Vistra Corp. will post 9.21 EPS for the current year.

Vistra Increases Dividend

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

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.