Greenland Capital Management LP Invests $961,000 in Vistra Corp. $VST

Greenland Capital Management LP purchased a new stake in shares of Vistra Corp. (NYSE:VST) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,060 shares of the company’s stock, valued at approximately $961,000.

Several other institutional investors have also added to or reduced their stakes in the company. Equitable Holdings Inc. increased its stake in Vistra by 0.9% in the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after acquiring an additional 61 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Vistra by 3.8% during the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock valued at $286,000 after acquiring an additional 65 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of Vistra by 2.9% during the 4th quarter. Rothschild Investment LLC now owns 2,409 shares of the company’s stock valued at $389,000 after acquiring an additional 68 shares during the last quarter. Outlook Wealth Advisors LLC grew its holdings in shares of Vistra by 4.9% in the first quarter. Outlook Wealth Advisors LLC now owns 1,511 shares of the company’s stock valued at $227,000 after purchasing an additional 70 shares in the last quarter. Finally, Principle Wealth Partners LLC grew its holdings in shares of Vistra by 0.5% in the fourth quarter. Principle Wealth Partners LLC now owns 14,462 shares of the company’s stock valued at $2,333,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Down 1.8%

Shares of VST opened at $136.43 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 5.87. The business has a fifty day moving average of $153.73 and a 200 day moving average of $155.83. The company has a market cap of $45.79 billion, a PE ratio of 23.05 and a beta of 1.41. Vistra Corp. has a 52-week low of $132.66 and a 52-week high of $219.82.

Vistra (NYSE:VST) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.85). Vistra had a net margin of 11.55% and a return on equity of 108.68%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $5.46 billion. On average, sell-side analysts expect that Vistra Corp. will post 9.23 EPS for the current year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Vistra’s previous quarterly dividend of $0.23. Vistra’s dividend payout ratio is presently 15.54%.

Insider Activity

In related news, Director Scott B. Helm sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the director directly owned 232,200 shares in the company, valued at approximately $37,152,000. This represents a 9.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul M. Barbas sold 244 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $153.00, for a total transaction of $37,332.00. Following the completion of the sale, the director directly owned 53,006 shares in the company, valued at $8,109,918. This trade represents a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,588 shares of company stock valued at $6,739,227 in the last quarter. 0.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of Vistra from $222.00 to $221.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley lifted their price objective on shares of Vistra from $212.00 to $227.00 and gave the stock an “overweight” rating in a research note on Friday. Seaport Research Partners restated a “buy” rating and issued a $230.00 target price on shares of Vistra in a report on Monday, June 15th. BNP Paribas Exane set a $255.00 target price on shares of Vistra in a report on Wednesday. Finally, The Goldman Sachs Group set a $206.00 target price on shares of Vistra in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $226.94.

Vistra Company 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.