Elo Mutual Pension Insurance Co Grows Holdings in Vistra Corp. (NYSE:VST)

Elo Mutual Pension Insurance Co lifted its stake in shares of Vistra Corp. (NYSE:VST) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,500 shares of the company’s stock after buying an additional 463 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Vistra were worth $2,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Vistra in the 4th quarter worth about $203,000. Quadrant Capital Group LLC increased its holdings in Vistra by 73.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,637 shares of the company’s stock valued at $102,000 after buying an additional 1,113 shares during the last quarter. Norges Bank acquired a new stake in Vistra during the fourth quarter valued at approximately $77,523,000. PNC Financial Services Group Inc. lifted its holdings in Vistra by 89.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,124 shares of the company’s stock worth $390,000 after buying an additional 4,772 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new position in shares of Vistra in the 4th quarter worth approximately $277,000. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the topic of several research reports. Morgan Stanley upped their price target on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Jefferies Financial Group started coverage on shares of Vistra in a report on Friday, September 13th. They set a “buy” rating and a $99.00 target price on the stock. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $89.43.

Vistra Price Performance

Shares of VST opened at $92.71 on Friday. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $107.24. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88. The stock has a fifty day moving average price of $79.80 and a 200 day moving average price of $80.12. The company has a market cap of $31.85 billion, a P/E ratio of 56.88 and a beta of 1.08.

Vistra (NYSE:VST) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.90 EPS 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 prior year, the company posted $1.03 EPS. On average, research analysts forecast that Vistra Corp. will post 4.52 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.2195 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. Vistra’s payout ratio is 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.