Invesco Ltd. Has $879.39 Million Holdings in Vistra Corp. $VST

Invesco Ltd. raised its holdings in Vistra Corp. (NYSE:VST) by 25.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,537,384 shares of the company’s stock after buying an additional 913,350 shares during the period. Invesco Ltd. owned about 1.34% of Vistra worth $879,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VST. Massachusetts Financial Services Co. MA raised its stake in Vistra by 4.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,175,553 shares of the company’s stock valued at $1,196,884,000 after acquiring an additional 258,983 shares during the period. Norges Bank bought a new position in Vistra during the second quarter worth $930,080,000. Dimensional Fund Advisors LP increased its holdings in shares of Vistra by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,190,462 shares of the company’s stock valued at $492,102,000 after purchasing an additional 11,386 shares during the last quarter. Northern Trust Corp raised its position in shares of Vistra by 1.9% in the first quarter. Northern Trust Corp now owns 3,083,842 shares of the company’s stock valued at $362,166,000 after purchasing an additional 57,358 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Vistra by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,099,120 shares of the company’s stock worth $406,830,000 after buying an additional 35,444 shares during the last quarter. 90.88% of the stock is currently owned by institutional investors.

Vistra Stock Performance

NYSE:VST opened at $171.60 on Thursday. The company has a market cap of $58.14 billion, a price-to-earnings ratio of 61.95, a PEG ratio of 2.97 and a beta of 1.39. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a fifty day moving average price of $189.78 and a 200-day moving average price of $189.39.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.04%. The company had revenue of $4.97 billion during the quarter, compared to analyst estimates of $6.60 billion. As a group, equities analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.227 per share. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.5%. Vistra’s payout ratio is currently 32.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Vistra from $179.00 to $203.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Scotiabank initiated coverage on Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price target for the company. Cowen initiated coverage on Vistra in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Evercore ISI boosted their target price on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets upped their price target on shares of Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $233.20.

Insider Activity

In other Vistra news, CEO James A. Burke sold 21,935 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $186.53, for a total value of $4,091,535.55. Following the sale, the chief executive officer owned 271,074 shares of the company’s stock, valued at approximately $50,563,433.22. This trade represents a 7.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Carrie Lee Kirby sold 58,275 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $174.75, for a total value of $10,183,556.25. Following the transaction, the executive vice president directly owned 218,239 shares of the company’s stock, valued at $38,137,265.25. This trade represents a 21.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 868,339 shares of company stock worth $173,242,584. Insiders own 1.42% of the company’s stock.

Vistra Company Profile

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.