Forsta AP Fonden Takes $5.33 Million Position in Vistra Corp. (NYSE:VST)

Forsta AP Fonden bought a new position in shares of Vistra Corp. (NYSE:VST) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 62,000 shares of the company’s stock, valued at approximately $5,331,000.

Several other large investors have also recently bought and sold shares of VST. Franklin Resources Inc. raised its stake in shares of Vistra by 6.2% during the 4th quarter. Franklin Resources Inc. now owns 4,797,515 shares of the company’s stock worth $184,800,000 after purchasing an additional 282,056 shares in the last quarter. Third Point LLC raised its position in Vistra by 27.6% during the fourth quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock worth $177,192,000 after acquiring an additional 995,748 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Vistra by 2.4% in the fourth quarter. Clearbridge Investments LLC now owns 4,244,963 shares of the company’s stock valued at $163,516,000 after acquiring an additional 99,055 shares during the last quarter. Castle Hook Partners LP grew its position in shares of Vistra by 470.0% in the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after acquiring an additional 3,108,511 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Vistra by 11.5% during the 4th quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock worth $135,570,000 after purchasing an additional 363,897 shares during the last quarter. 90.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VST has been the subject of several recent analyst reports. Morgan Stanley raised their target price on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Jefferies Financial Group initiated coverage on Vistra in a research report on Friday. They issued a “buy” rating and a $99.00 price objective for the company. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vistra has an average rating of “Buy” and a consensus price target of $89.43.

Vistra Price Performance

Shares of NYSE VST opened at $85.55 on Friday. The firm has a market cap of $29.39 billion, a P/E ratio of 52.48 and a beta of 1.08. The business’s 50 day moving average is $79.90 and its 200-day moving average is $79.35. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. Vistra Corp. has a 1-year low of $31.16 and a 1-year high of $107.24.

Vistra (NYSE:VST) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $4.04 billion. Vistra had a return on equity of 21.05% and a net margin of 4.61%. During the same quarter in the previous year, the business earned $1.03 EPS. Equities research analysts predict that Vistra Corp. will post 4.86 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.2195 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 dividend on an annualized basis and a yield of 1.03%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is currently 53.37%.

Vistra Company 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.