Senator Investment Group LP Sells 50,000 Shares of Vistra Corp. $VST

by · The Cerbat Gem

Senator Investment Group LP lessened its stake in shares of Vistra Corp. (NYSE:VST – Free Report) by 31.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,000 shares of the company’s stock after selling 50,000 shares during the period. Senator Investment Group LP’s holdings in Vistra were worth $17,746,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Vistra in the fourth quarter valued at approximately $746,729,000. Payden & Rygel raised its stake in Vistra by 3,118.2% in the fourth quarter. Payden & Rygel now owns 35,400 shares of the company’s stock valued at $5,711,000 after buying an additional 34,300 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in Vistra in the fourth quarter valued at approximately $29,875,000. Intech Investment Management LLC raised its stake in Vistra by 34.4% in the fourth quarter. Intech Investment Management LLC now owns 188,921 shares of the company’s stock valued at $30,479,000 after buying an additional 48,378 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Vistra by 12.2% during the fourth quarter. Legal & General Group Plc now owns 1,768,694 shares of the company’s stock worth $285,343,000 after purchasing an additional 192,274 shares during the period. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Vistra from $240.00 to $231.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley restated an “overweight” rating and set a $212.00 price objective on shares of Vistra in a research note on Thursday, May 21st. Raymond James Financial set a $208.00 price objective on Vistra in a research note on Monday, April 27th. Seaport Research Partners restated a “buy” rating and set a $230.00 price objective on shares of Vistra in a research note on Monday. Finally, Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $233.33.

View Our Latest Analysis on VST

Insider Buying and Selling at Vistra

In other Vistra news, CAO Margaret Montemayor sold 4,600 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. This trade represents a 32.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.92% of the company’s stock.

Vistra Trading Up 3.7%

Shares of VST stock opened at $153.47 on Tuesday. The stock’s fifty day moving average price is $153.57 and its two-hundred day moving average price is $159.98. The company has a market cap of $51.75 billion, a PE ratio of 25.71 and a beta of 1.40. Vistra Corp. has a fifty-two week low of $132.66 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 5.51, a quick ratio of 0.79 and a current ratio of 0.90.

Vistra (NYSE:VST – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a return on equity of 105.64% and a net margin of 11.52%. Equities analysts predict that Vistra Corp. will post 9.3 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. 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. Vistra’s dividend payout ratio (DPR) is 15.24%.

Vistra Profile

(Free Report)

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.

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