12,233 Shares in Vistra Corp. (NYSE:VST) Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC bought a new position in shares of Vistra Corp. (NYSE:VST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,233 shares of the company’s stock, valued at approximately $471,000.

A number of other hedge funds have also recently bought and sold shares of VST. Pacer Advisors Inc. increased its stake in Vistra by 19,070.8% in the 4th quarter. Pacer Advisors Inc. now owns 5,566,621 shares of the company’s stock worth $214,426,000 after purchasing an additional 5,537,584 shares in the last quarter. Norges Bank purchased a new position in Vistra in the 4th quarter worth about $77,523,000. Electron Capital Partners LLC increased its stake in Vistra by 468.2% in the 4th quarter. Electron Capital Partners LLC now owns 2,128,930 shares of the company’s stock worth $82,006,000 after purchasing an additional 1,754,223 shares in the last quarter. Federated Hermes Inc. increased its stake in Vistra by 1,701.3% in the 3rd quarter. Federated Hermes Inc. now owns 1,469,484 shares of the company’s stock worth $48,757,000 after purchasing an additional 1,387,906 shares in the last quarter. Finally, Sapient Capital LLC purchased a new position in Vistra in the 4th quarter worth about $45,202,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Lisa Crutchfield bought 335 shares of Vistra stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $89.46 per share, for a total transaction of $29,969.10. Following the acquisition, the director now owns 32,186 shares in the company, valued at $2,879,359.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.42% of the stock is owned by corporate insiders.

Vistra Stock Up 4.5 %

Shares of Vistra stock opened at $87.58 on Thursday. The firm has a market cap of $30.43 billion, a price-to-earnings ratio of 53.73 and a beta of 1.03. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.08 and a quick ratio of 0.96. Vistra Corp. has a 52-week low of $24.70 and a 52-week high of $107.24. The stock has a 50-day simple moving average of $85.48 and a 200-day simple moving average of $61.64.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.39). The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.81 billion. Vistra had a net margin of 5.66% and a return on equity of 24.72%. On average, equities research analysts expect that Vistra Corp. will post 4.08 earnings per share for the current fiscal year.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be issued a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.00%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, June 18th. Vistra’s payout ratio is currently 53.37%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on VST shares. Morgan Stanley lifted their price target on Vistra from $86.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Janney Montgomery Scott started coverage on Vistra in a research report on Thursday, April 18th. They set a “buy” rating and a $82.00 price objective for the company. UBS Group raised their price objective on Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Guggenheim upgraded Vistra to a “strong-buy” rating in a research report on Tuesday, May 7th. Finally, BMO Capital Markets raised their price objective on Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $87.83.

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.