Capital World Investors Makes New Investment in Vistra Corp. $VST

Capital World Investors bought a new position in Vistra Corp. (NYSE:VST) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,561,018 shares of the company’s stock, valued at approximately $574,499,000. Capital World Investors owned 1.05% of Vistra at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VST. Norges Bank bought a new stake in Vistra in the 4th quarter worth approximately $746,729,000. Palidye Holdings Caymans Ltd bought a new stake in Vistra in the 2nd quarter worth approximately $145,987,000. Situational Awareness LP grew its position in Vistra by 142.3% in the 2nd quarter. Situational Awareness LP now owns 1,274,178 shares of the company’s stock worth $246,948,000 after purchasing an additional 748,332 shares during the period. Moore Capital Management LP grew its position in Vistra by 2,072.6% in the 2nd quarter. Moore Capital Management LP now owns 528,657 shares of the company’s stock worth $102,459,000 after purchasing an additional 504,324 shares during the period. Finally, Rubric Capital Management LP grew its position in shares of Vistra by 50.6% during the 2nd quarter. Rubric Capital Management LP now owns 1,424,803 shares of the company’s stock valued at $276,141,000 after acquiring an additional 478,834 shares during the period. Institutional investors own 90.88% of the company’s stock.

Analyst Upgrades and Downgrades

VST has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. BMO Capital Markets reissued an “outperform” rating and set a $241.00 price objective on shares of Vistra in a research report on Monday, March 2nd. Morgan Stanley reissued an “overweight” rating and set a $212.00 price objective on shares of Vistra in a research report on Thursday, May 21st. Wells Fargo & Company cut their price objective on shares of Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Weiss Ratings raised shares of Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $233.33.

Vistra Trading Down 0.0%

Shares of VST stock opened at $148.72 on Monday. The company has a market cap of $50.15 billion, a price-to-earnings ratio of 24.91 and a beta of 1.40. The company has a debt-to-equity ratio of 5.51, a current ratio of 0.90 and a quick ratio of 0.79. The firm has a fifty day moving average price of $154.21 and a 200-day moving average price of $161.13. Vistra Corp. has a 1 year low of $132.66 and a 1 year high of $219.82.

Vistra (NYSE:VST) last issued its earnings results on Thursday, May 7th. The company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.55. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Vistra had a net margin of 11.52% and a return on equity of 105.64%. As a group, equities analysts predict that Vistra Corp. will post 9.3 earnings per share for the current year.

Vistra Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a $0.229 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.92 annualized dividend and a yield of 0.6%. This is an increase from Vistra’s previous quarterly dividend of $0.23. Vistra’s payout ratio is currently 15.24%.

Insiders Place Their Bets

In related news, CAO Margaret Montemayor sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $164.96, for a total value of $824,800.00. Following the completion of the transaction, the chief accounting officer owned 14,360 shares of the company’s stock, valued at approximately $2,368,825.60. This represents a 25.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.92% of the company’s stock.

Vistra Company Profile

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.