Federated Hermes Inc. Has $79.24 Million Stock Position in Vistra Corp. (NYSE:VST)

Federated Hermes Inc. raised its holdings in Vistra Corp. (NYSE:VST) by 40.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,057,091 shares of the company’s stock after buying an additional 587,607 shares during the quarter. Federated Hermes Inc. owned 0.58% of Vistra worth $79,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wright Investors Service Inc. grew its holdings in shares of Vistra by 45.4% during the 4th quarter. Wright Investors Service Inc. now owns 43,422 shares of the company’s stock worth $1,673,000 after purchasing an additional 13,568 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Vistra by 1.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,028 shares of the company’s stock worth $2,389,000 after purchasing an additional 829 shares in the last quarter. Signet Financial Management LLC acquired a new stake in shares of Vistra during the 4th quarter worth approximately $1,573,000. Mackenzie Financial Corp grew its holdings in shares of Vistra by 1.0% during the 4th quarter. Mackenzie Financial Corp now owns 792,840 shares of the company’s stock worth $30,540,000 after purchasing an additional 8,159 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC acquired a new stake in shares of Vistra during the 4th quarter worth approximately $350,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Vistra Price Performance

Vistra stock opened at $65.86 on Friday. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.18 and a quick ratio of 1.11. The company has a market capitalization of $22.91 billion, a PE ratio of 18.40 and a beta of 1.05. Vistra Corp. has a one year low of $22.67 and a one year high of $75.89. The business has a 50 day simple moving average of $60.61 and a 200 day simple moving average of $44.89.

Vistra (NYSE:VST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($1.02). Vistra had a net margin of 10.10% and a return on equity of 20.05%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $5.48 billion. On average, sell-side analysts forecast that Vistra Corp. will post 4.24 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 20th were given a $0.215 dividend. This is an increase from Vistra’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.86 annualized dividend and a yield of 1.31%. Vistra’s payout ratio is presently 24.02%.

Insider Transactions at Vistra

In other news, EVP Carrie Lee Kirby sold 72,748 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total transaction of $4,556,207.24. Following the completion of the sale, the executive vice president now owns 184,201 shares in the company, valued at $11,536,508.63. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Stephanie Zapata Moore sold 98,020 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $58.50, for a total transaction of $5,734,170.00. Following the completion of the sale, the executive vice president now owns 161,888 shares in the company, valued at $9,470,448. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Carrie Lee Kirby sold 72,748 shares of Vistra stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $62.63, for a total value of $4,556,207.24. Following the sale, the executive vice president now directly owns 184,201 shares of the company’s stock, valued at $11,536,508.63. The disclosure for this sale can be found here. Insiders sold a total of 257,285 shares of company stock worth $15,404,397 over the last 90 days. 1.42% of the stock is owned by insiders.

Analysts Set New Price Targets

VST has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on Vistra from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. Morgan Stanley reissued an “overweight” rating and set a $78.00 price objective on shares of Vistra in a report on Monday, March 25th. Evercore ISI raised their target price on Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Janney Montgomery Scott began coverage on Vistra in a research report on Thursday. They set a “buy” rating and a $82.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $67.20.

About Vistra

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.