Vistra Corp. $VST Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its stake in Vistra Corp. (NYSE:VST) by 18.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 39,323 shares of the company’s stock after acquiring an additional 6,054 shares during the period. iA Global Asset Management Inc.’s holdings in Vistra were worth $7,704,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its position in Vistra by 1.4% in the second quarter. State Street Corp now owns 16,660,027 shares of the company’s stock valued at $3,228,880,000 after purchasing an additional 226,514 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Vistra by 15.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,106,465 shares of the company’s stock valued at $1,392,299,000 after buying an additional 930,912 shares in the last quarter. Lone Pine Capital LLC raised its holdings in shares of Vistra by 40.5% in the 2nd quarter. Lone Pine Capital LLC now owns 6,469,719 shares of the company’s stock valued at $1,253,896,000 after buying an additional 1,864,931 shares during the period. Norges Bank purchased a new stake in shares of Vistra in the 2nd quarter valued at $930,080,000. Finally, Invesco Ltd. lifted its stake in Vistra by 25.2% during the 2nd quarter. Invesco Ltd. now owns 4,537,384 shares of the company’s stock worth $879,390,000 after acquiring an additional 913,350 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Wall Street Analysts Forecast Growth

VST has been the subject of several research reports. Bank of America dropped their target price on Vistra from $231.00 to $218.00 and set a “buy” rating for the company in a research report on Monday, January 12th. TD Cowen assumed coverage on shares of Vistra in a research note on Thursday, October 16th. They issued a “buy” rating and a $250.00 price objective for the company. Evercore ISI lifted their price objective on shares of Vistra from $237.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, November 7th. KeyCorp assumed coverage on shares of Vistra in a research note on Monday, November 24th. They set an “overweight” rating and a $217.00 target price on the stock. Finally, Scotiabank raised their price target on shares of Vistra from $287.00 to $293.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Vistra currently has an average rating of “Buy” and a consensus price target of $239.20.

Insider Activity

In other Vistra news, EVP Stephanie Zapata Moore sold 8,219 shares of Vistra stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $173.35, for a total transaction of $1,424,763.65. Following the completion of the sale, the executive vice president directly owned 79,854 shares of the company’s stock, valued at $13,842,690.90. The trade was a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Hudson sold 56,000 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $168.86, for a total value of $9,456,160.00. Following the transaction, the executive vice president directly owned 306,600 shares of the company’s stock, valued at approximately $51,772,476. This represents a 15.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 196,794 shares of company stock worth $34,784,876. 1.42% of the stock is currently owned by company insiders.

Vistra Stock Down 0.2%

VST stock opened at $160.08 on Friday. The company’s 50 day moving average price is $167.47 and its 200 day moving average price is $186.84. The firm has a market capitalization of $54.24 billion, a price-to-earnings ratio of 57.79, a PEG ratio of 0.99 and a beta of 1.41. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99.

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

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.227 per share. The ex-dividend date was Monday, December 22nd. This is an increase from Vistra’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. Vistra’s payout ratio is presently 32.85%.

Vistra 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.