Samlyn Capital LLC Makes New $33.13 Million Investment in Vistra Corp. (NYSE:VST)

Samlyn Capital LLC purchased a new stake in Vistra Corp. (NYSE:VST) during the second quarter, according to its most recent filing with the SEC. The firm purchased 385,370 shares of the company’s stock, valued at approximately $33,134,000. Samlyn Capital LLC owned 0.11% of Vistra at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Redwood Wealth Management Group LLC purchased a new position in Vistra during the 2nd quarter worth $26,000. Mather Group LLC. acquired a new stake in Vistra during the 1st quarter worth about $26,000. EdgeRock Capital LLC acquired a new stake in Vistra during the 2nd quarter worth about $34,000. New Covenant Trust Company N.A. acquired a new stake in Vistra during the 1st quarter worth about $32,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Vistra during the 2nd quarter worth about $47,000. 90.88% of the stock is currently owned by hedge funds and other institutional investors.

Vistra Price Performance

NYSE:VST opened at $111.64 on Tuesday. Vistra Corp. has a 12 month low of $31.16 and a 12 month high of $114.55. The stock has a 50 day moving average of $80.66 and a two-hundred day moving average of $81.20. The company has a current ratio of 0.98, a quick ratio of 0.88 and a debt-to-equity ratio of 2.89. The firm has a market cap of $38.79 billion, a P/E ratio of 68.49 and a beta of 1.08.

Vistra (NYSE:VST) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.69). The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Vistra had a net margin of 4.61% and a return on equity of 21.05%. During the same quarter last year, the company earned $1.03 earnings per share. On average, analysts expect that Vistra Corp. will post 4.52 earnings per share for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a $0.2195 dividend. The ex-dividend date is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.79%. Vistra’s dividend payout ratio is 53.37%.

Analyst Upgrades and Downgrades

VST has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Vistra in a report on Friday, September 13th. They issued a “buy” rating and a $99.00 price objective for the company. Morgan Stanley boosted their price objective on Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a report on Monday. Finally, BMO Capital Markets lifted their price target on Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $104.50.

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.