Deepwater Asset Management LLC Buys New Shares in Vistra Corp. $VST

Deepwater Asset Management LLC bought a new stake in Vistra Corp. (NYSE:VST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,215 shares of the company’s stock, valued at approximately $4,713,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VST. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Vistra during the fourth quarter worth about $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Vistra during the third quarter worth about $28,000. Salomon & Ludwin LLC increased its stake in Vistra by 74.8% during the fourth quarter. Salomon & Ludwin LLC now owns 215 shares of the company’s stock worth $35,000 after acquiring an additional 92 shares during the last quarter. Triumph Capital Management acquired a new stake in Vistra during the third quarter worth about $38,000. Finally, Strive Asset Management LLC acquired a new stake in Vistra during the third quarter worth about $38,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Trading Down 0.0%

NYSE:VST opened at $148.72 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 5.51. The business’s 50 day moving average is $154.21 and its two-hundred day moving average is $161.13. Vistra Corp. has a 52 week low of $132.66 and a 52 week high of $219.82. The company has a market cap of $50.15 billion, a PE ratio of 24.91 and a beta of 1.40.

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

Vistra Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on VST shares. Raymond James Financial set a $208.00 price target on Vistra in a research note on Monday, April 27th. JPMorgan Chase & Co. dropped their price target on Vistra from $240.00 to $231.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings upgraded Vistra from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. BMO Capital Markets restated an “outperform” rating and set a $241.00 price target on shares of Vistra in a research note on Monday, March 2nd. Finally, Morgan Stanley restated an “overweight” rating and set a $212.00 price target on shares of Vistra in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $233.33.

Insider Buying and Selling

In other Vistra news, CAO Margaret Montemayor sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $164.96, for a total transaction of $824,800.00. Following the transaction, the chief accounting officer owned 14,360 shares of the company’s stock, valued at $2,368,825.60. This trade represents a 25.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.92% of the stock is currently owned by corporate insiders.

About Vistra

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.