Itau Unibanco Holding S.A. Acquires New Stake in Vistra Corp. (NYSE:VST)

Itau Unibanco Holding S.A. bought a new position in shares of Vistra Corp. (NYSE:VST) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,439 shares of the company’s stock, valued at approximately $2,789,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc acquired a new position in shares of Vistra in the first quarter worth approximately $1,675,000. 3Chopt Investment Partners LLC lifted its position in shares of Vistra by 142.2% in the 4th quarter. 3Chopt Investment Partners LLC now owns 54,969 shares of the company’s stock worth $2,117,000 after purchasing an additional 32,276 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Vistra by 41.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 115,600 shares of the company’s stock valued at $4,453,000 after purchasing an additional 33,738 shares during the last quarter. Stephens Inc. AR increased its position in shares of Vistra by 633.7% during the fourth quarter. Stephens Inc. AR now owns 58,668 shares of the company’s stock worth $2,260,000 after buying an additional 50,672 shares during the period. Finally, Banco Santander S.A. acquired a new stake in shares of Vistra during the first quarter worth $673,000. 90.88% of the stock is owned by institutional investors and hedge funds.

Vistra Price Performance

VST stock opened at $107.88 on Friday. 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 company’s 50-day moving average is $80.15 and its 200-day moving average is $80.71. The stock has a market capitalization of $37.06 billion, a PE ratio of 66.18 and a beta of 1.08. Vistra Corp. has a 1 year low of $31.16 and a 1 year high of $108.26.

Vistra (NYSE:VST) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.69). The firm had revenue of $3.85 billion during 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 company posted $1.03 EPS. Equities research analysts expect that Vistra Corp. will post 4.52 EPS for the current fiscal year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a $0.2195 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.88 annualized dividend and a yield of 0.81%. This is an increase from Vistra’s previous quarterly dividend of $0.22. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Wall Street Analysts Forecast Growth

VST has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of Vistra from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley boosted their price objective on Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, Jefferies Financial Group began coverage on Vistra in a research note on Friday, September 13th. They set a “buy” rating and a $99.00 target price for the company. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Vistra currently has an average rating of “Buy” and a consensus target price of $100.83.

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.