140 Summer Partners LP Purchases 52,380 Shares of Vistra Corp. $VST

140 Summer Partners LP increased its holdings in shares of Vistra Corp. (NYSE:VST) by 17.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 345,611 shares of the company’s stock after acquiring an additional 52,380 shares during the quarter. Vistra makes up approximately 4.1% of 140 Summer Partners LP’s portfolio, making the stock its 14th largest position. 140 Summer Partners LP’s holdings in Vistra were worth $55,757,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bridgewater Advisors Inc. raised its stake in shares of Vistra by 3.1% in the 3rd quarter. Bridgewater Advisors Inc. now owns 1,787 shares of the company’s stock valued at $350,000 after buying an additional 53 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of Vistra by 7.1% during the third quarter. Y.D. More Investments Ltd now owns 916 shares of the company’s stock worth $168,000 after purchasing an additional 61 shares during the last quarter. Equitable Holdings Inc. raised its holdings in Vistra by 0.9% during the 3rd quarter. Equitable Holdings Inc. now owns 7,045 shares of the company’s stock worth $1,380,000 after purchasing an additional 61 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in Vistra by 21.7% during the 4th quarter. SOA Wealth Advisors LLC. now owns 365 shares of the company’s stock worth $59,000 after acquiring an additional 65 shares during the period. Finally, UMB Bank n.a. grew its holdings in Vistra by 3.8% during the 4th quarter. UMB Bank n.a. now owns 1,770 shares of the company’s stock worth $286,000 after acquiring an additional 65 shares during the period. 90.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vistra

In related news, CAO Margaret Montemayor sold 4,600 shares of Vistra stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $160.00, for a total transaction of $736,000.00. Following the completion of the sale, the chief accounting officer owned 9,760 shares of the company’s stock, valued at approximately $1,561,600. The trade was a 32.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul M. Barbas sold 244 shares of Vistra stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $153.00, for a total value of $37,332.00. Following the sale, the director directly owned 53,006 shares of the company’s stock, valued at approximately $8,109,918. The trade was a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 10,088 shares of company stock valued at $1,634,227. 0.92% of the stock is currently owned by corporate insiders.

Vistra Stock Up 3.3%

NYSE:VST opened at $158.53 on Wednesday. The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of 26.55 and a beta of 1.40. 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 stock’s 50 day moving average price is $153.72 and its two-hundred day moving average price is $159.85. Vistra Corp. has a twelve month low of $132.66 and a twelve month high of $219.82.

Vistra (NYSE:VST) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $1.55. Vistra had a net margin of 11.52% and a return on equity of 105.64%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.22 billion. Equities research analysts expect that Vistra Corp. will post 9.31 earnings per share for the current fiscal year.

Vistra Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VST. TD Cowen dropped their price objective on Vistra from $253.00 to $230.00 and set a “buy” rating for the company in a report on Monday, May 4th. BMO Capital Markets restated an “outperform” rating and set a $241.00 target price on shares of Vistra in a research report on Monday, March 2nd. Wells Fargo & Company lowered their price target on Vistra from $236.00 to $234.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $212.00 target price on shares of Vistra in a research note on Thursday, May 21st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $190.00 price objective on shares of Vistra in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $230.44.

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.