Korea Investment CORP Has $94.69 Million Stake in Vistra Corp. $VST

Korea Investment CORP decreased its position in shares of Vistra Corp. (NYSE:VST) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 483,294 shares of the company’s stock after selling 19,827 shares during the period. Korea Investment CORP’s holdings in Vistra were worth $94,687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in Vistra during the third quarter worth about $25,000. Quent Capital LLC bought a new stake in Vistra in the 3rd quarter valued at about $25,000. Archer Investment Corp grew its position in shares of Vistra by 2,700.0% during the 3rd quarter. Archer Investment Corp now owns 140 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Vistra during the 2nd quarter worth approximately $28,000. Finally, Anfield Capital Management LLC bought a new position in shares of Vistra during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VST. Wells Fargo & Company cut their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. KeyCorp initiated coverage on Vistra in a report on Monday, November 24th. They issued an “overweight” rating and a $217.00 price objective for the company. Jefferies Financial Group upgraded Vistra from a “hold” rating to a “buy” rating and upped their target price for the company from $191.00 to $203.00 in a research report on Tuesday, February 10th. BMO Capital Markets reissued an “outperform” rating and set a $241.00 target price on shares of Vistra in a report on Monday, March 2nd. Finally, The Goldman Sachs Group upgraded Vistra from a “neutral” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $236.40.

Insider Activity

In other Vistra news, CEO James A. Burke sold 22,251 shares of Vistra stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $162.05, for a total value of $3,605,774.55. Following the completion of the sale, the chief executive officer directly owned 297,998 shares in the company, valued at approximately $48,290,575.90. The trade was a 6.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Down 5.2%

Shares of NYSE:VST opened at $158.76 on Friday. Vistra Corp. has a 52-week low of $90.51 and a 52-week high of $219.82. The company has a market capitalization of $53.79 billion, a PE ratio of 73.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.88 and a current ratio of 0.78. The company has a fifty day moving average of $163.60 and a 200-day moving average of $179.41.

Vistra (NYSE:VST) last posted its earnings results on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.27). The business had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $5.75 billion. Vistra had a return on equity of 81.09% and a net margin of 5.32%. On average, equities analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio (DPR) is presently 41.94%.

About Vistra

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.