Vise Technologies Inc. Makes New Investment in Vistra Corp. $VST

Vise Technologies Inc. purchased a new stake in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,385 shares of the company’s stock, valued at approximately $2,400,000.

A number of other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its position in shares of Vistra by 27.4% during the 2nd quarter. Allworth Financial LP now owns 2,002 shares of the company’s stock valued at $388,000 after purchasing an additional 430 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Vistra by 7.5% in the second quarter. Illinois Municipal Retirement Fund now owns 37,798 shares of the company’s stock valued at $7,326,000 after acquiring an additional 2,634 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Vistra by 12.6% in the second quarter. ProShare Advisors LLC now owns 60,308 shares of the company’s stock worth $11,688,000 after acquiring an additional 6,751 shares during the period. Profund Advisors LLC grew its position in shares of Vistra by 32.5% during the second quarter. Profund Advisors LLC now owns 18,034 shares of the company’s stock worth $3,495,000 after purchasing an additional 4,421 shares in the last quarter. Finally, Zions Bancorporation National Association UT raised its stake in Vistra by 33.1% during the 2nd quarter. Zions Bancorporation National Association UT now owns 438 shares of the company’s stock valued at $85,000 after purchasing an additional 109 shares during the period. 90.88% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO James A. Burke sold 9,641 shares of Vistra stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $192.30, for a total transaction of $1,853,964.30. Following the completion of the transaction, the chief executive officer directly owned 298,967 shares of the company’s stock, valued at approximately $57,491,354.10. The trade was a 3.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 723,910 shares of company stock valued at $148,086,569. 1.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on VST shares. UBS Group boosted their target price on shares of Vistra from $207.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vistra in a research note on Thursday, October 30th. Daiwa America upgraded Vistra from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 17th. Evercore ISI lifted their target price on Vistra from $237.00 to $243.00 and gave the stock an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Vistra from $227.00 to $248.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $234.21.

Vistra Trading Down 1.5%

Shares of VST stock opened at $188.16 on Tuesday. The company has a market cap of $63.75 billion, a PE ratio of 67.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.30. Vistra Corp. has a 1 year low of $90.51 and a 1 year high of $219.82. The stock’s 50 day simple moving average is $199.02 and its two-hundred day simple moving average is $185.70. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST) last released its earnings results on Thursday, November 6th. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Vistra had a net margin of 6.70% and a return on equity of 64.88%. The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $6.60 billion. Research analysts predict that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

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

Vistra 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.