OMERS ADMINISTRATION Corp Has $3.33 Million Position in Vistra Corp. $VST

OMERS ADMINISTRATION Corp boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 21.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 22,137 shares of the company’s stock after purchasing an additional 3,978 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Vistra were worth $3,328,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Vistra in the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. bought a new position in Vistra during the fourth quarter valued at about $28,000. Kemnay Advisory Services Inc. bought a new position in Vistra during the fourth quarter valued at about $30,000. Strive Financial Group LLC acquired a new stake in shares of Vistra in the fourth quarter worth about $33,000. Finally, Salomon & Ludwin LLC lifted its position in shares of Vistra by 74.8% in the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after buying an additional 92 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Margaret Montemayor sold 4,600 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $160.00, for a total value of $736,000.00. Following the completion of the sale, the chief accounting officer directly owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This represents a 32.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John R. Sult sold 6,500 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was 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 in the company, valued at approximately $12,021,380. The trade was a 8.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 over the last ninety days. 0.92% of the stock is owned by insiders.

Vistra Trading Down 3.8%

Shares of NYSE:VST opened at $157.09 on Tuesday. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90. The stock’s 50-day moving average is $156.46 and its 200-day moving average is $158.35. The company has a market cap of $52.97 billion, a P/E ratio of 26.31 and a beta of 1.40. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.55. Vistra had a return on equity of 105.64% and a net margin of 11.52%.The business had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Equities research analysts predict that Vistra Corp. will post 9.52 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.229 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, June 22nd. Vistra’s dividend payout ratio is presently 15.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VST. Sanford C. Bernstein set a $187.00 price objective on Vistra and gave the company an “outperform” rating in a report on Tuesday, June 16th. TD Cowen reduced their target price on Vistra from $230.00 to $222.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. decreased their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Scotiabank increased their price target on Vistra from $293.00 to $298.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Finally, Zacks Research raised shares of Vistra from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $230.12.

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.