Arrowstreet Capital Limited Partnership Has $116.04 Million Position in Vistra Corp. $VST

Arrowstreet Capital Limited Partnership lessened its holdings in Vistra Corp. (NYSE:VST) by 26.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 598,743 shares of the company’s stock after selling 213,893 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Vistra were worth $116,042,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA increased its position in Vistra by 132.0% in the 1st quarter. Banque Transatlantique SA now owns 232 shares of the company’s stock valued at $25,000 after acquiring an additional 132 shares during the period. Anfield Capital Management LLC acquired a new position in shares of Vistra during the second quarter worth $29,000. City State Bank grew its stake in shares of Vistra by 210.0% in the second quarter. City State Bank now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 105 shares during the last quarter. WPG Advisers LLC acquired a new stake in Vistra in the first quarter valued at $37,000. Finally, Laurel Wealth Advisors LLC raised its position in Vistra by 19,300.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 194 shares of the company’s stock worth $38,000 after purchasing an additional 193 shares during the last quarter. 90.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VST has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Vistra from $236.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Scotiabank initiated coverage on Vistra in a research note on Monday, September 22nd. They issued a “sector outperform” rating and a $256.00 price objective on the stock. TD Cowen began coverage on Vistra in a report on Thursday, October 16th. They issued a “buy” rating and a $250.00 target price on the stock. Cowen assumed coverage on shares of Vistra in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Jefferies Financial Group restated a “hold” rating and set a $230.00 price target (down previously from $241.00) on shares of Vistra in a report on Monday, September 22nd. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $233.20.

Insider Activity at Vistra

In related news, EVP Carrie Lee Kirby sold 58,275 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $174.75, for a total value of $10,183,556.25. Following the completion of the sale, the executive vice president directly owned 218,239 shares of the company’s stock, valued at $38,137,265.25. The trade was a 21.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephanie Zapata Moore sold 8,219 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $173.35, for a total value of $1,424,763.65. Following the transaction, the executive vice president directly owned 79,854 shares in the company, valued at approximately $13,842,690.90. This trade represents a 9.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 868,339 shares of company stock valued at $173,242,584. 1.42% of the stock is currently owned by company insiders.

Vistra Trading Down 0.5%

Shares of VST stock opened at $171.60 on Thursday. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The company has a debt-to-equity ratio of 5.74, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a 50 day simple moving average of $189.78 and a two-hundred day simple moving average of $189.39. The company has a market cap of $58.14 billion, a P/E ratio of 61.95, a PEG ratio of 2.97 and a beta of 1.39.

Vistra (NYSE:VST) last posted its quarterly earnings results on Friday, November 7th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $6.60 billion. Vistra had a return on equity of 64.04% and a net margin of 6.70%. Research analysts forecast that Vistra Corp. will post 7 earnings per share for the current year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.227 dividend. This represents a $0.91 annualized dividend and a yield of 0.5%. This is an increase from Vistra’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, December 22nd. Vistra’s payout ratio is presently 32.49%.

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.