Dynamic Technology Lab Private Ltd Invests $1.45 Million in Vistra Corp. $VST

Dynamic Technology Lab Private Ltd purchased a new stake in Vistra Corp. (NYSE:VST) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,379 shares of the company’s stock, valued at approximately $1,445,000.

Several other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in Vistra in the 2nd quarter valued at $930,080,000. Alkeon Capital Management LLC lifted its position in shares of Vistra by 280.6% during the 2nd quarter. Alkeon Capital Management LLC now owns 1,356,357 shares of the company’s stock valued at $262,876,000 after acquiring an additional 1,000,000 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Vistra by 15.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock worth $1,392,299,000 after purchasing an additional 930,912 shares in the last quarter. Invesco Ltd. increased its position in shares of Vistra by 25.2% in the second quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after purchasing an additional 913,350 shares during the period. Finally, Palidye Holdings Caymans Ltd bought a new position in shares of Vistra in the second quarter worth $145,987,000. 90.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Vistra from a “hold” rating to a “buy” rating and upped their price objective for the stock from $191.00 to $203.00 in a research report on Tuesday, February 10th. KeyCorp initiated coverage on shares of Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 target price on the stock. Bank of America dropped their target price on shares of Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, January 12th. The Goldman Sachs Group raised shares of Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vistra in a research report on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Vistra presently has a consensus rating of “Buy” and a consensus price target of $236.40.

Insider Activity

In related news, CEO James A. Burke sold 22,251 shares of Vistra stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $162.05, for a total transaction of $3,605,774.55. Following the sale, the chief executive officer directly owned 297,998 shares of the company’s stock, valued at approximately $48,290,575.90. The trade was a 6.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.42% of the company’s stock.

Vistra Price Performance

Shares of VST stock opened at $158.76 on Friday. The business has a fifty day simple moving average of $163.60 and a 200 day simple moving average of $179.41. The company has a market cap of $53.79 billion, a P/E ratio of 73.16, a P/E/G ratio of 0.96 and a beta of 1.42. The company has a quick ratio of 0.88, a current ratio of 0.78 and a debt-to-equity ratio of 6.01. Vistra Corp. has a twelve month low of $90.51 and a twelve month high of $219.82.

Vistra (NYSE:VST) last released its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $5.75 billion. Vistra had a net margin of 5.32% and a return on equity of 81.09%. On average, sell-side analysts forecast that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, March 20th. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is 41.94%.

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.