Wellington Management Group LLP Increases Stake in Vistra Corp. (NYSE:VST)

Wellington Management Group LLP grew its position in Vistra Corp. (NYSE:VST) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,519,475 shares of the company’s stock after acquiring an additional 363,897 shares during the quarter. Wellington Management Group LLP owned about 1.01% of Vistra worth $135,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in Vistra by 160.7% in the 4th quarter. Blue Trust Inc. now owns 717 shares of the company’s stock worth $28,000 after buying an additional 442 shares during the period. Lindbrook Capital LLC increased its stake in Vistra by 64.4% in the 4th quarter. Lindbrook Capital LLC now owns 840 shares of the company’s stock worth $32,000 after buying an additional 329 shares during the period. Rise Advisors LLC purchased a new position in Vistra in the 4th quarter worth about $35,000. Fifth Third Bancorp increased its stake in Vistra by 52.1% in the 4th quarter. Fifth Third Bancorp now owns 1,346 shares of the company’s stock worth $52,000 after buying an additional 461 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in Vistra in the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Insider Activity at Vistra

In related news, Director Lisa Crutchfield acquired 335 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $89.46 per share, with a total value of $29,969.10. Following the transaction, the director now directly owns 32,186 shares of the company’s stock, valued at approximately $2,879,359.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.

Vistra Stock Up 0.7 %

NYSE:VST opened at $88.20 on Friday. Vistra Corp. has a fifty-two week low of $24.70 and a fifty-two week high of $107.24. The stock has a market capitalization of $30.65 billion, a P/E ratio of 54.11 and a beta of 1.03. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.96 and a current ratio of 1.08. The company’s 50-day simple moving average is $85.80 and its 200-day simple moving average is $61.82.

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

Vistra Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a $0.218 dividend. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.87 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, June 18th. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Analyst Ratings Changes

Several brokerages have issued reports on VST. BMO Capital Markets increased their target price on shares of Vistra from $79.00 to $109.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Janney Montgomery Scott began coverage on shares of Vistra in a report on Thursday, April 18th. They set a “buy” rating and a $82.00 target price on the stock. UBS Group increased their target price on shares of Vistra from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Evercore ISI increased their target price on shares of Vistra from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Guggenheim upgraded shares of Vistra to a “strong-buy” rating in a report on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vistra has a consensus rating of “Buy” and a consensus target price of $87.83.

Vistra Profile

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.