Nordea Investment Management AB Acquires 344,707 Shares of Vistra Corp. $VST

Nordea Investment Management AB lifted its stake in Vistra Corp. (NYSE:VST) by 1,973.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,178 shares of the company’s stock after purchasing an additional 344,707 shares during the quarter. Nordea Investment Management AB owned about 0.11% of Vistra worth $69,477,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kirr Marbach & Co. LLC IN raised its position in shares of Vistra by 0.9% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 168,713 shares of the company’s stock worth $32,698,000 after purchasing an additional 1,535 shares during the last quarter. ELCO Management Co. LLC purchased a new position in Vistra in the second quarter worth about $499,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in Vistra in the second quarter worth about $292,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Vistra by 1.7% in the second 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 in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Vistra by 55.3% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,232 shares of the company’s stock valued at $1,208,000 after buying an additional 2,220 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Vistra Stock Performance

VST stock opened at $168.88 on Thursday. The company has a market cap of $57.22 billion, a P/E ratio of 60.97, a price-to-earnings-growth ratio of 1.07 and a beta of 1.41. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.99 and a quick ratio of 0.88. The stock’s fifty day moving average price is $169.77 and its 200-day moving average price is $188.08.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, November 7th. The company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $6.60 billion. Vistra had a net margin of 6.70% and a return on equity of 64.04%. On average, equities analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.227 per share. This represents a $0.91 annualized dividend and a yield of 0.5%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 22nd. Vistra’s dividend payout ratio (DPR) is presently 32.49%.

Insider Buying and Selling at Vistra

In other news, CEO James A. Burke sold 22,251 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer owned 297,998 shares of the company’s stock, valued at $48,290,575.90. The trade was a 6.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carrie Lee Kirby sold 58,275 shares of the firm’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 completion of the transaction, the executive vice president directly owned 218,239 shares in the company, valued at approximately $38,137,265.25. This represents a 21.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 300,362 shares of company stock valued at $55,194,619 in the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Vistra from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen assumed coverage on Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vistra in a report on Monday, December 29th. KeyCorp initiated coverage on Vistra in a research report on Monday, November 24th. They set an “overweight” rating and a $217.00 price objective on the stock. Finally, Wells Fargo & Company started coverage on Vistra in a research report on Monday, October 27th. They issued an “overweight” rating and a $238.00 target price for the company. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $239.40.

About Vistra

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.