Convergence Investment Partners LLC Acquires 30,398 Shares of Vistra Corp. (NYSE:VST)

Convergence Investment Partners LLC raised its position in Vistra Corp. (NYSE:VST) by 401.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,965 shares of the company’s stock after acquiring an additional 30,398 shares during the quarter. Convergence Investment Partners LLC’s holdings in Vistra were worth $1,462,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VST. AE Wealth Management LLC purchased a new position in shares of Vistra in the third quarter valued at about $268,000. State of Alaska Department of Revenue purchased a new position in shares of Vistra during the third quarter valued at about $1,362,000. Asset Management One Co. Ltd. boosted its stake in Vistra by 22.7% during the third quarter. Asset Management One Co. Ltd. now owns 166,025 shares of the company’s stock worth $5,509,000 after acquiring an additional 30,712 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Vistra by 33.6% during the third quarter. Commonwealth Equity Services LLC now owns 27,240 shares of the company’s stock worth $904,000 after acquiring an additional 6,849 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Vistra by 45.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 70,717 shares of the company’s stock worth $2,346,000 after acquiring an additional 22,217 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating and set a $78.00 price objective on shares of Vistra in a research note on Monday, March 25th. BMO Capital Markets boosted their price objective on shares of Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Evercore ISI upped their target price on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, Janney Montgomery Scott assumed coverage on shares of Vistra in a research note on Thursday, April 18th. They issued a “buy” rating and a $82.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vistra presently has an average rating of “Buy” and a consensus target price of $67.20.

Insider Buying and Selling at Vistra

In other Vistra news, EVP Stephanie Zapata Moore sold 98,020 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now directly owns 161,888 shares of the company’s stock, valued at $9,470,448. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Carrie Lee Kirby sold 72,748 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $62.63, for a total value of $4,556,207.24. Following the completion of the sale, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephanie Zapata Moore sold 98,020 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now directly owns 161,888 shares of the company’s stock, valued at $9,470,448. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,285 shares of company stock valued at $15,404,397. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Vistra stock traded up $0.22 during midday trading on Friday, reaching $72.70. 3,583,116 shares of the company traded hands, compared to its average volume of 5,429,101. The firm has a market capitalization of $25.29 billion, a price-to-earnings ratio of 20.31 and a beta of 1.05. The business has a 50 day moving average of $63.63 and a two-hundred day moving average of $46.45. Vistra Corp. has a 12 month low of $22.67 and a 12 month high of $75.89. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11.

Vistra (NYSE:VST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $5.48 billion. As a group, research analysts predict that Vistra Corp. will post 3.57 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.215 per share. This is a boost from Vistra’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, March 19th. Vistra’s dividend payout ratio is currently 24.02%.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.