Healthcare of Ontario Pension Plan Trust Fund Increases Stake in Vistra Corp. (NYSE:VST)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Vistra Corp. (NYSE:VST) by 34.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,036 shares of the company’s stock after purchasing an additional 17,502 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Vistra were worth $5,850,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Lone Pine Capital LLC boosted its stake in shares of Vistra by 6.6% in the 2nd quarter. Lone Pine Capital LLC now owns 6,838,007 shares of the company’s stock valued at $587,932,000 after purchasing an additional 425,126 shares in the last quarter. Third Point LLC boosted its position in Vistra by 27.6% during the 4th quarter. Third Point LLC now owns 4,600,000 shares of the company’s stock valued at $177,192,000 after buying an additional 995,748 shares during the period. Castle Hook Partners LP boosted its position in Vistra by 470.0% during the 1st quarter. Castle Hook Partners LP now owns 3,769,842 shares of the company’s stock valued at $262,569,000 after buying an additional 3,108,511 shares during the period. Wellington Management Group LLP boosted its position in Vistra by 11.5% during the 4th quarter. Wellington Management Group LLP now owns 3,519,475 shares of the company’s stock valued at $135,570,000 after buying an additional 363,897 shares during the period. Finally, TD Asset Management Inc boosted its position in Vistra by 9,668.5% during the 1st quarter. TD Asset Management Inc now owns 2,940,113 shares of the company’s stock valued at $204,779,000 after buying an additional 2,910,015 shares during the period. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Vistra Stock Up 4.5 %

Shares of NYSE VST opened at $138.41 on Friday. 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 12 month low of $31.22 and a 12 month high of $139.38. The firm has a market capitalization of $48.09 billion, a PE ratio of 84.91 and a beta of 1.10. The firm has a fifty day simple moving average of $88.91 and a two-hundred day simple moving average of $84.90.

Vistra (NYSE:VST) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.69). The company 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 last year, the company posted $1.03 earnings per share. Equities analysts expect that Vistra Corp. will post 4.7 earnings per share for the current year.

Vistra Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.2195 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.63%. This is a positive change from Vistra’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 20th. Vistra’s dividend payout ratio (DPR) is presently 53.37%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VST. Morgan Stanley increased their price target on shares of Vistra from $110.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Royal Bank of Canada increased their price target on shares of Vistra from $105.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and set a $146.00 price target (up previously from $125.00) on shares of Vistra in a research report on Friday. Finally, Jefferies Financial Group increased their price target on shares of Vistra from $99.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Seven 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $118.14.

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.